I was working on an IT project for the RICS, earlier this year.
They are all concerned about the lack of work, even the big companies like CB Richard Ellis and Countrywide plc are concerned. In the case of Countrywide, they have huge debts to pay off and it is a very bad time for them.
House prices may have not completely dropped, but there are less transactions and with the market, the way it is, there will be a lot more supply then demand - decreased prices.
Redrow (house builder) have axed a lot of staff too.
