Wednesday, Jul 01, 2009
Told you so!
Times Online: Patience is a virtue in the housing market
But analysts think not. Most still believe there is another leg downward to come.
The number of forced sellers will rise as the redundancy axe falls. And potential sellers who have opted to be reluctant landlords rather than sell in the current market will have second thoughts as rents fall.
Yesterday’s revision of the first-quarter economic output figures to show a 2.4 per cent contraction also revealed that the savings rate fell back to 3 per cent, from 4 per cent in the previous quarter. That is hardly going to help to sustain the housing market rally.
Posted by tim miller @ 09:19 AM (256 views) Add Comment
2 Comments
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1. mander said...
Do we have any stats about the buyers for the houses sold since the credit crunch started? We would like to know to whom are these houses sold to: FTBs, BTL, Europeans and so on.
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