RICS warns property market sentiment is turning cautious and only price rises in cheaper areas will save UK suffering nationwide fall in valuesHouse prices in London and the south-east will fall next year as the cautious mood that has gripped the property market in recent months continues into 2018, the body that represents surveyors and valuers has predicted.
The Royal Institution of Chartered Surveyors (RICS) said that lower prices were rippling out from central London and would spread to the capital’s outer suburbs and the domestic counties in the months ahead.
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Source: guardian.co.uk