The Royal Institution of Chartered Surveyors (Rics) has moved to welcome government targets to help reduce the environmental impact of the housing sector.

Buildings are responsible for over half of all carbon emissions in the UK, the group said, which meant it had a significant role to play in tackling climate change.

Rics claimed that the government must now work "with the grain of the market and not against it"in order to decarbonise the sector without damage to the economy.

"Government has to bring the industry with it now. Only together can we get the right mix of regulation, incentives and support in place,"said Gillian Charlesworth, Rics director of external affairs.

With the correct approach, the market will do most of the work in helping to achieve carbon targets, she added.

The Chesterton House Price Poll of Polls revealed sharp annual fall in house prices last month, with average residential house prices now 11.7 per cent lower than in November 2007.ADNFCR-2002-ID-18912365-ADNFCR

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