However although static overall, London continues to outperform the rest of the UK andsurveyors generally see a decline in price expectations.
The Net House Price Balance has slipped from -11 to -19 - this means that 19% more surveyors have seen price falls rather than rises. However a substantial number of respondents, 63%, actually saw no change in prices. Those that did see a fall however mainly saw this within therelatively small 0-2% region.
Regionally Londons march forward was quite dramatix with a massive +40 balance as opposed to -1 for the South East, the 2nd best result.
The worst areas where Northern Ireland with -39 balance and Wales with -31.
Newly agreed sales also weakened with the balance from respondnents at -6, from +10 last month. It is possible that this reflects the payback from sales brought forward by purchasers taking advantage of the stamp duty holiday.