Confidence in the UK housing market fell in March to its lowest point in 30 years, according to a closely watched survey of property surveyors.
The Royal Institution of Chartered Surveyors’ (Rics) said that 78.5% more surveyors reported a fall than a rise in house prices in March.
Britain's biggest mortgage lender Halifax said last week that house prices fell in March at their sharpest pace since the recession of the early 1990s as the credit crunch forces banks to toughen up mortgage terms and begins to hurt consumers.
More home owners and especially owners of buy to let properties are now looking for a quick house sale as the housing market continues to take a downwards spiral.
