RICS house price report points to slowdown
18 October 2004, 03:21 PM
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RICS house price report points to slowdown
Royal Institute of Chartered Surveyors just released their monthly report;
But hey, it's only a headline...
*U.K. HOUSE-PRICE INDEX FALLS FROM MINUS 12 IN AUG., RICS SAYS
*U.K. HOUSE-PRICE INDEX FALLS TO -30 IN SEPT. PERIOD, RICS SAYS
*U.K. HOUSE PRICES FALL AT FASTEST PACE IN 9 YEARS, RICS SAYS
*U.K. HOUSE-PRICE INDEX FALLS TO -30 IN SEPT. PERIOD, RICS SAYS
*U.K. HOUSE PRICES FALL AT FASTEST PACE IN 9 YEARS, RICS SAYS
But hey, it's only a headline...
18 October 2004, 03:27 PM
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I'd certainly pay more attention to RICS figures than any of the mortgage lenders (who have a vested interest in a bouyant housing market!)
I also see the govt. are planning to build almost 1/2 million new houses which should ease the prices too as well as rising fuel costs, inflation may go up too forcing interest rate rises. Or they'll continue going up. No-one KNOWS (apart from pslewis, and many others here, as his opinion is FACT apparently 
)
I also see the govt. are planning to build almost 1/2 million new houses which should ease the prices too as well as rising fuel costs, inflation may go up too forcing interest rate rises. Or they'll continue going up. No-one KNOWS (apart from pslewis, and many others here, as his opinion is FACT apparently
)
18 October 2004, 03:29 PM
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Originally Posted by Dracoro
I'd certainly pay more attention to RICS figures than any of the mortgage lenders (who have a vested interest in a bouyant housing market!)
18 October 2004, 03:43 PM
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Of course, although their credibility relies on their accuracy to a certain extent so not completely in their interest to 'big things up' so much.
18 October 2004, 04:30 PM
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While we wait for him to appear, I was chatting to someone who works for Halifax last week. She said when she started reposessions were practically unknown. There are now 4 or 5 a week and the trend is upward. Such a shame, if the housing market were to crash *before* the next election instead of after.
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