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09-11-2008, 10:19 AM
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Lowest house prices for 30 years according to Rics
The Royal Institution of Chartered Surveyors has reported that house sales continued to fall during August, and are at their lowest level since its monthly survey started 30 years ago in 1978. The holiday month of August is a traditionally slow period for property sales, added to which buyers were waiting for the speculated [...]
More: Lowest house prices for 30 years according to Rics 
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09-11-2008, 05:30 PM
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Title misleads
The title's wrong - the RICS says that SALES (numbers of) are at their lowest level for 30 years.
They're not saying PRICES have dropped below the level of 1978. The title is therefore misleading.
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