The BBC are headlining the radio news with the RICS survey showing that members (qualified estate agents) are more bearish on house prices than ever. Seventy-eight and a half per cent reported a fall in house prices March, that's up from 65.7% in February, and it's the worst figure since RICS began the (dubious, in my opinion) index in 1978. In an accompanying statement, the RICS thank low supply for saving the market from an all-out crash.

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