Thursday, Jun 15, 2006

RICS latest house price report

Firstrung: London house prices rising at their fastest pace for four years - RICS

The fact that RICS can suggest that house price inflation has been caused by a shortage of property and not, as most reliable sources now accept, low interest rates and cheap available credit, should be another concerning issue open to debate and criticism in their latest findings.

Posted by Converted Lurker @ 11:26 AM (1570 views)
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2 Comments

1. Tinecu said...

See http://news.assetz.co.uk/articles/2764.html. They give some more on the contents of the report, including some more bearish comment.

"At the same time, Mr Leaf advises that the rise in the number of sellers on the market could mean house price increases in the second half of 2006 are a little more subdued. With Home Information Packs introduced next year and HMO legislation soon impacting upon the buy-to-let sector, he also suggests that more people may be tempted to sell in the months to come."

Thursday, June 15, 2006 10:23PM Report Comment
 

2. The Bald Man said...

I have also read the detail in the report. I agree with Tinecu that there is an element of caution, in that there could be a selling spree of houses from those who cant afford their mortgages.

Saturday, June 17, 2006 10:43AM Report Comment
 

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