UK Home Sales Slump To Lowest In 30 Years

The slump in the UK property market continued in August, with some estate agents selling fewer than one home per week in the past three months.

The Royal Institution of Chartered Surveyors (Rics) said sales were at their lowest level since its monthly survey started in 1978.

It said prices picked up slightly for the fourth month in a row, but were still sharply down on a year ago.

Rics said the continued shortage of mortgage funds was "stifling" buyers.