Sunday, Mar 29, 2009
David Smith's latest article is a bit meh
Times: Building on past mistakes
People may dispute whether these are genuine green shoots, but something is stirring in the mortgage numbers. The British Bankers’ Association reported that monthly mortgage approvals rose to 28,000 last month - down "only" 31% from last year.
Let us suppose this is the beginning of a gradual recovery in demand. Will the supply be there? The main source of property to buy – that is, homeowners putting their flats and houses on the market – is also well down, with sellers taking the view they are unlikely to get a decent price.
What about new housing? This year will see the lowest number of homes built since the second world war.
Posted by little professor @ 08:42 PM (395 views) Add Comment
1 Comment
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1. inflation is eating my savings said...
stodgy stodgy stodge stodge.
Almost as bad as Martin Amis.