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UK house price indicator drops to six-year low: RICS

From reuters.com

British house prices are falling on the broadest basis in more than six years, though the steepest declines remain focused in London and southeast England, a monthly survey of property valuers showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its house price balance sank to -10 in October, its lowest since September 2012, from -2 the month before, a bigger fall than any economist had predicted in a Reuters poll. The RICS data represents the difference between the proportion of surveyors who see falls compared with rises in property prices. Direct measures of house prices, such as those ... (full story)

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