Topic: 'Double dip' predicted for housing market
House prices look set for a "double dip" this year, even if the economy as a whole manages to avoid it – with a total real-terms deprecation in property values of close to a third since the peak of 2007, say analysts.
The news comes despite evidence of a lift in activity. The Royal Institution for Chartered Surveyors said that 8 per cent more chartered surveyors reported a rise rather than fall in new instructions, up from 4 per cent more in March.