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R I C S Agree With O D P M

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The Royal Institute of Chartered Surveyors has said that figures from the ODPM showing house price rises of 2.9% from December 2005, has fallen in line with RICS' expectations for the house market.
RICS had forecast house price growth in 2005 of 3% back in January 2005.
RICS also added that the August interest rate cut, along with rising employment in 2005, has supported housing market conditions and mortgage activity is currently well above its long-running average.
The RICS survey of residential chartered surveyors estate agents suggests that this high level of activity is likely to persist for the foreseeable future.
RICS expects the current upturn in housing market activity to be sustained into 2006 as the economy pulls out of the slowdown seen over the past year

As the economy pulls out of the slowdown. "Out?" Unemployment has been rising since 2005 and no one is saying anything about improving. Debt levels are deteriorating at a rapid pace as reflected by the growth of insolvency rates and record company closures. RICS must be on something to counter reality. VI-itus.

Edited by Realistbear

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  • 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%

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