Confidence in the UK property market has hit its lowest level since the housing crash of the early 1990s, according to an authoritative survey of estate agents that shows even the rampant London market is in difficulty.
The Royal Institution of Chartered Surveyors (Rics) reveals on Wednesday that 49.1 per cent more surveyors reported a fall in house prices in December than the proportion reporting a rise, the gloomiest figure since November 1992.
