Monday, Jan 15, 2007
Times reports RICS
Times Online: Housing market starts to cool as higher rates bite
Britain’s red-hot housing market slowed at its fastest pace in more than two years last month, in the first clear-cut signal that higher interest rates are at last cooling the market.
Posted by camem' @ 11:31 PM (141 views) Add Comment
1 Comment
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1. denzil said...
What complete and utter twaddle. RICS seem to change their tune based on what they think the MPC will/are doing.
It was only last week the RICS were puffing their chests our and posturing about how bouyant the market is and now they are quick to announce the market cooling but their comments are based on:
"According to RICS, house prices rose in December, but at the slowest pace in four months."
December is always the month in the year when prices rise at their slowest pace.