There is no sign yet of the UK property market pulling out of the doldrums, says the Royal Institution of Chartered Surveyors (Rics), reports the BBC.Its latest monthly survey for March shows sales and prices were generally flat, while interest from would-be buyers was declining.The survey results chime with those of other recent property surveys.
However, Rics said there were big regional differences, with London very different to the rest of the UK.
"The rather negative outlook for property prices across the UK seems to better reflect the general economy than the micro climate of London," said Rics housing spokesperson, Ian Perry.
"The low level of buyer interest in many parts of the UK continues to impact on the market, resulting in some downward pressure on prices.
"With the prospect of forthcoming interest rate rises and continued shortage of mortgage funding, it seems that overall recovery for the national housing market is still some way off," he added.
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