Financial Times FT.com

UK housing market slows still further

By Delphine Strauss

Published: December 13 2007 03:04 | Last updated: December 13 2007 03:04

The slowdown in the UK housing market is deepening, according to an authoritative survey of estate agents that shows price falls spreading across all regions of England and Wales. Expectations for property prices are at their lowest since 1998.

New buyer enquiries are falling faster than new instructions to sell property, the Royal Institution of Chartered Surveyors reports on Thursday, suggesting vendors will come under increasing pressure to accept offers below their asking price.

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