A report by the Royal Institution of Chartered Surveyors (RICS) has painted a gloomy picture of house prices in the UK. It found that house prices are falling at their fastest rate for 30 years with a future of lower prices, few buyers and desperate sellers.
Every region in England and Wales has been reported as suffering drops, with the majority falling at record levels. The East Midlands is reporting the worst drops after 15 months of decline.
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