UK housing market stagnates as London price drop continues

London

THE UK housing market is stuck in a rut.

A survey by the Royal Institution of Chartered Surveyors on Thursday showed a national gauge slipped to zero in November, a result consistent with no change in prices, while the three-month outlook is also broadly flat.

London remains a weak spot, with the most negative current reading, while respondents also reported downward pressure on prices in the Sout…