The Royal Institution of Chartered Surveyors report is always an odd one... the proportion of professionals who estimate values who report that they've estimated higher/lower values than in the previous month. But these RICS reports tend to follow the general direction of price movement. In September, prices fell (for the second consecutive month), with 14.6% more surveyors reporting a fall than reporting a rise (in August the figure had been 11.3% 3.3%... see "comments"). Importantly, new buyer enquiries fell for the tenth month in a row, and by the sharpest amount since March 2003.

Technorati Tags: property, real estate