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SlickJulie
Flash in the pan


Joined: 01 Feb 2008
Posts: 59

Housebuilding Industry In Crisis (UK)
PostPosted: Sun Jun 22, 2008 5:24 pm Reply with quoteBack to top

I read this statement....

"Last week the Royal Institute of Chartered Surveyors [RICS] said the market was at its weakest level for 30 years with 92.9% of residential surveyors expecting falls in prices."
http://money.uk.msn.com/invest.....id=8657921

I went looking for the document that these stats came from and found that "RICS housing market survey is the longest running monthly survey of house prices in the UK, collecting data since January 1978. The survey is cited by the Bank of England's monetary policy committee at its monthly interest rate setting meetings."

This is May 2008 (issued 6/10/2008)....
http://www.rics.org/Newsroom/P.....100608.htm

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