Tuesday, Mar 09, 2010
New instructions rebound more strongly than buyer enquiries
RICS: Housing Market Survey February 2010
The first chart shows a history of lower highs and lower lows since 1997. The regional breakdown shows the price rises have mainly been in London and the South East, so it's not surprising that the 2009 bounce was so widely reported by the London-based media. In my region of Yorkshire and Humberside the balance of surveyors' reports barely went positive and is now firmly negative again.
Posted by monty032 @ 08:42 AM (926 views) Add Comment
3 Comments
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1. doomwatch said...
Unsold stock going up
New buyer enquiries going down
New vendor instruictions going up
Sales going down
Doesn't take a "property expert" to work out what's going to happen to prices over the next quarter.
2. Crunchy said...
Supply and demand laws at work again. Good luck Fergus, if not; will we have to bail you out yet again old chum?
3. This comment has been removed as it was found to be in breach of our Blog Policies.