Wednesday, Jul 15, 2009
Price Falls Neccesary for Recovery
Write About Property: UK House Prices Falling Slower, Government Figures
No one can deny that things are currently heading in the right direction (the wrong direction for those who still can't afford to buy), but as it is the low supply levels that are the main driving force behind the price rises, we are very vulnerable to supply increases which could well see price falls accelerate once again.
According to Joseph Harwood director of Gloucestershire property investment firm Rock Star we are very vulnerable to supply increases, but ironically supply increasing in one way, while it will cause prices to fall is necessary for recovery.
Posted by problem pete @ 11:45 AM (372 views) Add Comment
1 Comment
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1. Harveyg said...
"but as it is the low supply levels that are the main driving force behind the price rises..."
Utter rubbish! yes it all about supply and demand, supply and demand of cheap credit, not houses. While you can borrow money cheaply you'll see prices being propped up, they'll tumble once more when the base rate climbs which it's going to obviously have to...
These people are insane..............rant over....