Sellers need to be realistic about asking prices, which should be done by looking at economy
NSW, Australia -- (SBWIRE) -- 08/31/2012 -- Surveyors, according to BBC, state that they are expecting the prices of the houses to be falling in the nearing months. They have asked sellers to be realistic about the prices they asked for their houses. The Royal Institution of Chartered Surveyors carried out a survey, of which the results revealed that of all the people who were surveyed in this process, 23 percent expect the prices to fall in the next few months.
According to the survey, there were a similar proportion of people who suggested the same drop in prices in the month of July, and the housing industry did see the drop. However, since July, the prices have become somewhat stable. But the survey also suggests that the stability does not seem to continue any longer.
According the Office of National Statistics report, the prices were up by 2.3% at the end of the month of June, and they went down to 0.5% by the end of July, as expected by the surveyors.
Peter Bolton King of the Royal Institute of Chartered Surveyors said,
"If vendors want to sell their homes quickly, they will have to be realistic in their price expectations."
This survey is followed by Halifax and Nationwide house price surveys. According to Nationwide, in four of the past five months, the prices have fallen down. Halifax shared similar ideas, stating that the prices condition will remain the same and can only grow worse if the recessions became worse.
One of the most comprehensive surveys, which is most widely regarded by various entities, is the Land Registry Survey, they stated that the rise and fall of the prices in UK varies with geography. The prices were rising in London during the month of June and July while they fell in Yorkshire and Humber during the same months.
CMSSurveyors.com.au (http://www.cmssurveyors.com.au) operate as a land surveyor company throughout New South Wales. Offices are locked in the Sydney Metropolitan and Riverina areas that offer a wide array of services like detail surveys, land surveyors Sydney, and boundary surveyors Sydney to individual property owners, Corporations and Government Authorities.
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