Saturday, Jun 30, 2007
House price in only 28% of the UK are still rising!
citywire.co.uk: House price growth halves in June says Hometrack
The housing market continued to apply the brakes during June Hometrack statistics have shown, with growth slowing to 0.3% from 0.6% in May.
The annual rate of growth has now fallen to 6.4%, down from 6.7% in May. The number of UK regions reporting growth in June fell to 28%, from 44% in the month before.
Posted by cash_buyer @ 08:05 AM (33 views) Add Comment
5 Comments
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1. confused76 said...
London, which has sustained much of the national price growth since the beginning of 2006, also slowed with house price growth down from 1.3% in May to 0.7% in June. The supply/demand mismatch in the capital also outstripped the rest of the UK, with the number of buyers falling 3.5% while the number of homes reaching the market rose 10.9%.
... bit confusing... how does this compare with the market rebound of Nationwide... different statistics?
2. Planning4acrash said...
‘With much of the new supply coming to the market from sellers looking to achieve close to the full asking price, it seems likely that the average time to sell property will increase in the months ahead with a slowdown in sales volumes and a switch to a buyers market.’ This is the perfect recipe for a correction, a slow diversion between supply and demand. A few more shocks, i.e. 6% could be recipe for a crash!
3. Hopingforacrash -staffs said...
Cynical VI spin in vain hope that interest rates won't be increased. Shame on you Hometrack!!!!
4. Scott said...
I am living in London, it is not as cool as it seems. You always have to worry about rising prices, living costs, crime, pollution, immigrants, commuting problems, and now terrorists.
If anyone reading this is wondering what the high-life is like for people who move to the big smoke, let me tell you it is a cross between Only Fools And Horses and Escape From New York.
5. deepak said...
Somebody please explain what is the difference between them and Nationwide talking about over 1% increase.