UK house prices set to fall

House prices are falling and more drops are expected in the coming months, surveyors said today.

House prices
House prices are set to fall, surveyors have said Credit: PA Wire

A balance of 24% more surveyors reported falling rather than rising prices last month, the most negative reading since June 2011, the Royal Institution of Chartered Surveyors (RICS) said.

Advertisement

House prices rise by 2.3%

House prices in the UK has risen by 2.3% compared to last year, defying surveyors' predictions that they would fall. Much of the increase was driven by a 6.5% rise in London, but they fell by 11.8% in Northern Ireland.