Tuesday, Jun 15, 2010
What an amazing place the UK is, economy in ruins & yet house prices continue to rise!
Yahoo: House prices rise after Hips axed
''...House prices continued to edge up in May as the number of homes on the market soared following the Government's decision to abolish home information packs, research shows. Around 22% more surveyors reported a rise in the cost of property than those who saw a fall during the month, up from 17% in April, according to the Royal Institution of Chartered Surveyors...''
Posted by hpwatcher @ 08:25 AM (763 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Ringing Roger said...
Perhaps a few people delayed selling in previous months expectant that the Tories would abolish HIPS, but the more interesting underlying trend is that many people delayed selling their homes over the last couple of years because it would involve moving onto a new, higher interest rate, mortgage. Now, with many of the ultra-low deals finishing, the supply of homes to market is rising. Demand is constrained by continuing difficulties in accessing mortgage finance and concerns over the potential of the market to fall. If supply rises enough, we may see falling house prices, even before the effects of interest rate rises, and reductions in public sector spending and employment, when the downturn will solidify.
2. estrader said...
"House prices continued to edge up in May as the number of homes on the market soared "
Do I understand this correctly... For months they’ve been saying that a shortage of housing has been the reason house prices have been rising and now soaring SUPPLY is making house prices rise?
I have said it before and I will say it again: You will go broke if you pay attention to what the media says.
3. Sibley's Love Child said...
Rather ironic that there's a link in the related content - 'House prices fall for 2nd month in May - Halifax'
4. tom101 said...
Nothing bad about going broke estrader. It's the modern way.