http://www.bbc.co.uk/news/business-40874731
A slowdown in the housing market is widely reported by the Royal Institute of Chartered Surveyors, spreading from London to the South East. This is reinforced by both Nationwide and Halifax who indicate property prices across the UK are on a downward trend. Over the previous two months, there has been a gap between the original asking price and the agreed selling price – many pointing to the questionable expectations of sellers. The property market is currently very price sensitive, an unrealistically priced property will not sell.
