Surveyors are expecting house prices to fall in the coming months owing to more home sales and economic uncertainty. The rise in supply means more are expecting property values to fall than rise - a shift in sentiment from a similar poll a month ago. The survey, from the Royal Institution of Chartered Surveyors (Rics), said that the number of enquiries from new buyers dipped in July. This was only the second fall since the latter part of 2008. A separate forecast by accountants Pricewaterhouse Cooopers has suggested that house prices might not reach the levels seen at the peak of the market in 2007 for another decade.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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