Tuesday, May 16, 2006

House prices rise again with larger properties causing the swell

Firstrung: House prices rise again with larger properties causing the swell

Have RICS finally shed light on the fact that price rises are only due to the vast amount of unsold expensive properties on agents books?

"House prices have risen for the sixth consecutive month and larger properties are out performing flats, according to the RICS UK housing market survey published today, (15 May). House prices rose as demand has further stabilised on the back of the strengthening economy.
For the three months to April, 15% more Chartered Surveyors reported a rise in house prices than a fall, up from 12% in March. Confidence in the industry remains high and is still above the historical average for the survey. Larger and mid range property types are showing disproportionate price gains compared to under performing flats, the largest variation of performance since 2001."

Posted by Converted Lurker @ 12:27 PM (608 views)
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2 Comments

1. The Bald Man said...

What is so great about the economy. Real inflation is high. Interest rates are set to rise. Government spending is still increasing.

Tuesday, May 16, 2006 05:08PM Report Comment
 

2. Paul said...

Read more closely and this article is RICS thrashing about looking for something positive to say. The positive points are unsubstantiated and vague and the negatives are glossed over.

"15% more Chartered Surveyors reported a rise in house prices than a fall"
"The recent softening of the labour market"
"The stock of available property on the market has fallen by 10%"
"under performing flats"

and finally, on the ever-unjustified optimism of:

"coming into the strong selling period of May and June".

Tuesday, May 16, 2006 05:54PM Report Comment
 

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