Guest Riser Posted November 7, 2005 Share Posted November 7, 2005 UK housing market set for revival in 2006 - survey Not just a recovery but a sustained recovery 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 - surveyLONDON (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. Quote Link to comment Share on other sites More sharing options...
Marina Posted November 7, 2005 Share Posted November 7, 2005 UK Housing Market set for crash in 2006 - Survey Quote Link to comment Share on other sites More sharing options...
Scooter Posted November 7, 2005 Share Posted November 7, 2005 UK housing market set for revival in 2006 - survey Not just a recovery but a sustained recovery Our Agents Your Move KFH Bushells Peter Alan Andrews Faron Sutaria Ryder & Dutton Marsh & Parsons Foxtons Chancellors, no VI there then. Well they would say that wouldn't they? Smacks of very wishful thinking to me... Quote Link to comment Share on other sites More sharing options...
red Posted November 7, 2005 Share Posted November 7, 2005 "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... Quote Link to comment Share on other sites More sharing options...
Bookerman Posted November 7, 2005 Share Posted November 7, 2005 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. Quote Link to comment Share on other sites More sharing options...
Guest Riser Posted November 7, 2005 Share Posted November 7, 2005 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. Quote Link to comment Share on other sites More sharing options...
sammysnake Posted November 7, 2005 Share Posted November 7, 2005 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! Quote Link to comment Share on other sites More sharing options...
George Posted November 7, 2005 Share Posted November 7, 2005 In other news Manchester United beat "unbeatable Chelsea". Quote Link to comment Share on other sites More sharing options...
Duplex Posted November 7, 2005 Share Posted November 7, 2005 Increasing number of employees are concerned about their job prospects. Employment concerns Quote Link to comment Share on other sites More sharing options...
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