Monday, Jun 28, 2010
There is a shortage of buyers - not property
Independent: Uncertainty puts brake on property prices
House price gains are dropping back, under pressure from economic uncertainty and a growing mismatch between supply and demand, property analyst Hometrack will say today. Prices rose by just 0.1 per cent in June, as new buyer registrations ground to a virtual standstill with a measly 0.1 per cent growth, while sales listings boomed by 2.9 per cent. The result is prices rising in a bare 11 per cent of the market. And in nearly 3 per cent of the market prices are falling.
Posted by quiet guy @ 10:16 AM (360 views) Add Comment
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