Confidence in the property market is at its lowest for 30 years!

Prices are tumbling and mortgage lenders aren't interested in the majority of prospective purchasers.  It’s truly grim.

The Independent newspaper quotes the Royal Institute of Chartered Surveyors (RICS) as saying that 95% more surveyors are reporting falls in house prices in April than a rise – the worst figure since the RICS first began publishing monthly property surveys in January 1978.

And the Financial Times says that 80% of surveyors expect prices to fall yet further. The FT quotes one surveyor, John Halman, from Gascoigne Halman in Cheshire

No credit, no confidence, no customers. It’s time to hold your nerve.

And to put the tin lid on it ,the Evening Standard has a photo of the Housing Minister, Caroline Flint, going into the Cabinet meeting today holding her briefing papers – which were legible! The property market, says the briefing notes, will “at best” see a fall of between 5%-10% this year!

Pull the other one. It’s far worse than that – even in London.

Don’t I just know it?

And what happens to people who just have to sell - as I do?