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House Price Crash Forum

Stabilising At Low Transactions

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LONDON, July 2 (Reuters) - British lenders expect to make credit more easily available to households and businesses over the coming quarter but are not expecting much of a pick-up in demand, a survey by the Bank of England showed on Thursday.

The quarterly credit conditions survey showed government intiatives to boost lending had enjoyed some success -- secured credit to households increased in the second quarter for the first time since the third quarter of 2007.

Ok so take the Nationwide's report that low supply (as the low interest rate environment reduces the forced sellers) was keeping prices 'stable'. CML even lowered their repossession forceast. With transactions stabilising at low levels (less liquid market) there comes a point where the increased supply into the rental market will affect asset prices. The 'accidental landlords' could be landlords for longer than they expect under a stabilising low transaction scenairo. The FTB can't buy in until the price moves as wages aren't likely to rise fast enough. Maybe Demand has gone, and isn't coming back (a slow decline until the UK demographic changes filter through over the next decade).

How does a surveyor value a property ? (do they look at rents)

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