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LATEST NEWS & EVENTS Residential property conveyancing stalls  The UK residential property conveyancing market faced a "stalemate" in June as the supply of houses slipped back and demand failed to improve, the Royal Institution of Chartered Surveyors (Rics) has said. In its latest Housing Market Survey, Rics said there was no movement in the number of new buyer enquiries, continuing the "broadly flat" trend of the last six months. There was also a sharp fall in new instructions, indicating that property owners are holding off from putting their homes on the market. House prices at a national level continued to slip during June, Rics said, with 27 per cent more surveyors reporting price falls rather than rises. Rics housing spokesperson Alan Collett, said: "Buyer interest in purchasing property remains relatively low across much of the UK and the volume of new stock coming to the market has slackened." It follows a report from the Council of Mortgage Lenders which showed that activity in the sector has increased. The lenders' association revealed the number of loans advanced for house purchases rose from 40,800 in April to 41,500 in May. Posted by Paul Stevens 
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