We, like you, know that every few weeks, month or quarter there are new and conflicting house price reports out from estate agents, lenders, conveyancing solicitors and institutions. One will say prices are up, the other static and another down, leaving you to choose which way you think the market is heading. The latest report is from the Royal Institute of Chartered Surveyers (RICS) who say for the first time in a while, house prices are actually dropping.
This has, of course, made the news channels, press and media sit up and comment on what this means for the economy, raising the rather obvious question of the double dip recession. But not everyone in the info game thinks dropping prices are bad news, Tracy Corrigan of the Daily Telegraph has written a great article on why it could be just what the country needs, check it out here…
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