Jump to content
House Price Crash Forum
Sign in to follow this  
Boom'n'Bust

Odpm: House Price Growth Slumps In August

Recommended Posts

http://business.timesonline.co.uk/article/...1819630,00.html

ODPM: House price growth slumps in August

According to the Royal Institution of Chartered Surveyors, the body representing the interests of Britain's surveyors, this means that the pace of house price growth is now running at its slowest level for more than nine years.

As it reacted to today's figures, RICS said that, despite the fall, its members were suggesting that enquiries from prospective house buyers had risen since August, spurred by an interest rate cut by the Bank of England.

As it digested the findings of today's survey, RICS noted that: "House price rises are now below 1 per cent per annum in all the southern English regions, while remaining above 5 per cent in the northern English regions and Wales.
"While this means that a sharp correction in house prices currently looks very unlikely, we remain sceptical that house prices are set to see sustained sharp rises anytime soon."

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.