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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/property-prices-continue-to-fall.jpg"><img class="alignnone size-full" title="Property prices fell again last month as interest from buyers plunged for the sixth month in a row, research indicates" src="http://londonglossy.com/wp-content/uploads/2010/12/min-property-prices-continue-to-fall.jpg" alt="Property prices fell again last month as interest from buyers plunged for the sixth month in a row, research indicates"/></a></p>
<p>Property prices fell again last month as interest from buyers plunged for the sixth month in a row, research indicates.</p>
<p>New buyer inquiries slumped again in November and dropped at a faster rate than in October, according to the latest report from the Royal Institution of Chartered Surveyors (RICS).</p>
<p>It showed 44% more chartered surveyors reported prices falling rather than rising in November, while the reading for transactions per surveyor slumped to its lowest level since June 2009 at 14.8 last month.</p>
<p>But the overall poll on prices marked a slight improvement on October&#8217;s survey and RICS said 43% of all respondents recorded broadly stable prices over the past three months.</p>
<p>A lack of buyers in the market is continuing to weigh on property prices, with mortgage finance remaining a stumbling block for many, particularly first time buyers.</p>
<p>RICS also said the surge in properties coming on to the market was now fading as would-be sellers decide to hold off until the new year.</p>
<p>RICS spokesman Ian Perry said: &#8220;Despite some better economic data, fears over how future spending cuts will impact on the jobs market are clearly still weighing heavily on potential purchasers&#8217; minds, with many deciding to &#8216;wait and see&#8217; until the new year.</p>
<p>&#8220;Meanwhile, the lack of mortgage finance continues to deter first time buyers.&#8221;</p>
<p>Regionally, the West Midlands and Northern Ireland registered the most negative readings for house prices, with 67% more surveyors reporting falls than rises in both areas.</p>
<p>The South West was the only region to report a positive net balance for newly agreed sales.</p>
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