Thursday, Oct 11, 2007
The tide has turned
The Telegraph: Would-be new buyers turn backs on market
The housing market slowdown is deepening, with prospective homebuyers abandoning the market at the fastest rate in over four years, new figures show.
House prices have fallen for the second month running and the market is showing worrying signs of a downturn, according to the Royal Institution of Chartered Surveyors (RICS). It says the number of new buyers is falling at the fastest rate since early 2003.
If sentiment changes now and houses become homes instead of investment objects, then prices will drop.
Posted by onyerhike @ 11:18 AM (257 views) Add Comment
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