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Uk Housing Market Set For Revival In 2006 - Survey

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UK housing market set for revival in 2006 - survey

Not just a recovery but a sustained recovery :lol::lol:

Our Agents Your Move KFH Bushells Peter Alan Andrews Faron Sutaria Ryder & Dutton Marsh & Parsons Foxtons Chancellors, no VI there then.

UK housing market set for revival in 2006 - survey

LONDON (AFX) - The UK housing market is set for a revival in 2006 to reflect

a pick-up in confidence levels, according to property website

Propertyfinder.com.

Its October survey suggests sustained recovery in the new year, with 54 pct

of those polled expecting house prices to rise over the next 12 months.

In London and the South East, the two regions that benefit most when City

institutions pay big bonuses, confidence was even higher, with 61 pct expecting

price gains.

"In the past two months buyers' and sellers' expectations for the market

have converged, with both sides now concurring that house prices could rise by

0.5 pct over the next twelve months," Propertyfinder.com said.

Already, the number of transactions has improved, from 117,000 in April to

153,000 in September, it added, citing data from the Office for National

Statistics.

In October buyers on average made offers 6 pct below the asking price, while

sellers were prepared to accept offers 5.5 pct below their asking price. With

buyers and sellers now closely matched, the potential for sales to be agreed is

much greater.

People are now borrowing on average 58.5 pct of the value of the property,

up from just 54.0 pct at the beginning of the year. This is also being

encouraged by the rash of very attractive mortgage rates that have been on offer

in recent months and enhanced by expectations of a good Christmas bonus round in

London's financial district.

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"In the past two months buyers' and sellers' expectations for the market

have converged, with both sides now concurring that house prices could rise by

0.5 pct over the next twelve months," Propertyfinder.com said...

Well, 0.5% is really going to attract the city bonus boys!

Smell the fear... :lol:

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Every time I see a survey by propertyfinder.com they never tell you who they asked. Also the last one had the headline "HOUSE PRICES TO RISE" because 46% of people asked said so but 54% said they wouldn't but not a mention.

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Guest Riser

And on the same day, another property website says prices fell 0.2% in October;

Property website smartnewhomes.com says UK house prices fell in Oct

LONDON (AFX) - House prices in the UK fell 0.2 pct from the previous month in October for a 2.4 pct year-on-year fall, according to property website smartnewhomes.com.

The average house price is now down to 255,237 stg from 255,916 in September, it said.

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Pick up in confidence? where?

Where I live there are yet more to let signs, more for sales signs

No buyers, more housing to sell, more backlog, rising interest rates...

seems quite clear to me!

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  • 338 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%



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