New survey shows decline in house prices

Real estate prices have continued to fall, has given a new set of numbers. In figures released by the Royal Institution of Chartered Surveyors (RICS), 14.6 percent more respondents there was a fall release, rather than a rise in property prices during September. Compared to the difference of 3.3 percent recorded in August. Consequently, we found the institution that registers the most recent data, the fastest decline since September 2005, reflecting 19.4 percent moreChartered Surveyors showed a decrease than an increase.

Meanwhile, 51 percent more surveyors a fall than a rise in the level of new buyer inquiries, as the reported effects of five interest rate rises since August 2006 and stricter mortgage lending criteria has been shown to have brought charges for the consumer to ensure the repayment of bonds. In addition to such requests from consumers now have for ten consecutive months, the fastest pace in more than four years to please. Confidence in the pricesOn the other hand have also reached a record level below - which is currently at its lowest level in almost two and a half years.

However, Rics also pointed out that the economy remains fundamentally sound "and the demand for property coverage, which means that housing prices could rise again in the future could be predominant.

Overall, were the most pronounced are the property price falls in Wales to see, take East Anglia and the Midlands, but also seen in Yorkshire, in the south of England and theNorth-west. Conversely, Scotland has the strongest growth in house values over the last few months, news that can be seen by those who welcomed withdraw capital from their homes as a means of loans to use in the region.

Jeremy Leaf, RICS spokesman, said that despite the decline in house prices, recent economic conditions and more people are fighting to see to manage their finances. He said: "Although house prices continue to fall, the underlying economyremains strong. A major correction in the market seems unlikely while economic growth remains above trend and employment conditions lively. The combination of rising interest rates, the introduction of home information packs and volatility in financial markets due to the tightening of lending criteria is certainly affected the confidence of buyers and sellers.

"As a result, some buyers would turn to the rental market, while others realize that the nextmove the interest rates is now likely to take place and the market meltdown is highly improbable, are seizing the opportunity to negotiate with more flexible vendors in a less competitive market. "

For those who are already on the property ladder, which is their ability to handle financial concerns, which can be used for a secured loan at competitive prices as a result of the withdrawal of shares a wise decision. This year, research has shown that publishes GE Money Home Lending's houseInflation has risen sharply by about 1436 percent in the last 30 years. However, Gerry Bell, head of mortgage marketing for the company argued that the affordability of real estate remains a major issue for property buyers.