Monday, Jun 01, 2009
Citywire latest on residential house prices
Citywire: House prices seen falling further after May blip
House prices were unchanged in May, the first time in 20 months they haven't fallen, but survey compilers Hometrack expect more falls to come. Compared to May last year, the survey shows house prices were 9.6% lower, having fallen 10.1% in the year to April. Richard Donnell, Hometrack’s director of research, thinks May is a blip in a still downward trajectory for prices, because a temporary combination of stronger sales volumes, continued buyer interest and a dwindling supply of property for sale provided a short term boost to market confidence.
Posted by jack c @ 10:50 AM (548 views) Add Comment
2 Comments
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1. paul said...
A dose of paraquat for the green shoots then.
2. Chris Roland said...
How typical. I read the complete opposite here (http://money.sky.com/mp/features/news/2009/05/30/House-prices-go-up-by-12-in-month.html) Who am I supposed to trust? The doom-and-gloomers or the green-shooters?