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R I C S Report -- Towing The Vi Line Officially

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ON the one hand:


'House price rises are exaggerated'

By Laurie Osborne, Editor

Published 15th Mar 2006, (a Wednesday) at 09:15AM

Doubt has been cast on recent figures suggesting that house prices are rising again as the property market strengthens.
In the last few weeks Rightmove, Halifax, Hometrack, and the FT have all reported hefty rises in house prices in February - with the only sour note coming from Nationwide, which recorded a small loss on the back of a large rise in house prices in January.
But National Homebuyers released
data from independent chartered surveyors
on Tuesday that suggested the market is actually far weaker than these house price figures imply.
Nine surveyors in ten thought the market was at best "static" - with the largest number describing it as a "buyers' market".

On the other:


Thursday March 16, 08:51 AM

Optimistic Signs For Housing

The housing market recovery gathered pace during February. Prices rising at their firmest rate since June 2004,
say surveyors*
. New buyers also continued to enter the market during the month, despite hopes of an imminent interest rate cut fading, according to the Royal Institution of Chartered Surveyors.
It is the ninth month in a row that inquiries from potential buyers have risen, a record for the survey.
At the same time, completed sales were 17% higher than a year earlier, while the number of unsold properties on the market was 4% lower than 12 months ago.

If RICS were to officially admit what its members appear to be saying it may harm public sentiment and cause house prices to crash earlier than might otherwise be expected?

WHO do we believe? Anecdotal evidence is, I am afraid, all that can be relied upon in these days of spin, deceit, confusion and fear.


* Does not say if this was a majority of surveryors--could they have excluded the ones who say the data is exaggerated?

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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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