Financial Times FT.com

House sales continue fall to record low

By Norma Cohen

Published: December 9 2008 00:53 | Last updated: December 9 2008 00:53

House sales continued to fall in November, with the average number of transactions hitting a record low, according to the latest housing market survey from the Royal Institution of Chartered Surveyors.

Estate agents sold just 10.6 properties each on average last month – the lowest in the series’ 30-year history – down from 10.9 in October, which agents largely attributed to the increasing caution with which lenders were dispensing mortgages.

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