Economy Blog

Sentiment in the housing market in England and Wales deteriorated to its weakest level in more than 30 years in April as the global credit crisis weighed on demand and reduced the number of transactions, the Royal Institution of Chartered Surveyors said Tuesday.
The latest RICS housing market survey found yet more surveyors reported falling rather than rising prices in April, with the net balance declining to -95.1 percentage points in seasonally adjusted terms from a revised -79.4 percentage points in March, marking the lowest level since the series began in January 1978. The result was worse than the market consensus forecast of -80 from a Dow Jones Newswires survey of economists last week. March’s net balance was also revised down from -78.5 percentage points reported last month.
…
Fuente Original