Lamport Bassitt Solicitors - Legal News - Expert responds to house price falls


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Expert responds to house price falls Homeowners keen to benefit from residential conveyancing services might already be aware that house prices dropped by 0.5 per cent in July, according to the Nationwide House Price Index. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors (RICS), responded to the data and suggested it is broadly in line with his own organisation's findings. "All the key forward looking indicators compiled by RICS suggest the headline price indices will continue to slip back during the second half of the year," he said. Mr Rubinsohn summarised that the introduction of a "fresh supply of property to the market is now running ahead of demand". The expert also indicated that the strongest resistance to house price falls could in London, the south-east and Scotland. Recently, Andrew Burrell, partner in research at King Sturge, noted that the capital is well placed to maintain a position of dominance in the UK commercial property market. Posted by Mark Phillips Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News