Wednesday, March 28, 2007

House price growth tailing off

House price growth tailing off

Despite showing a degree of buoyancy over the last few months, Nationwide said the underlying trend indicated a softening property market in the face of recent interest rate rises. Mortgage approvals and buyer inquiries at estate agents have weakened since the start of the year, it noted.

Posted by cash_buyer @ 09:55 AM (521 views)
Please complete the required fields.



2 thoughts on “House price growth tailing off

  • Went to my barbers on Saturday on Lavender Hill in Clapham. This place is a Mecca for young FTB spekkie analyst types ready to bow to peer pressure.

    However, to my amazement, the estate agents opposite was completely empty and devoid of any form of activity at 11am. In fact it looked closed.

    Maybe all the agents were out round viewings, or maybe the market is not as active as our VI friends would have us believe.

    Reply
    Please complete the required fields.



  • I love this phrase “demand may be softening” and a “softening property market”. It implies that it’ll be a bit more “squidgy” or almost “cuddly” in coming months.

    I’m quite sure that the US was talking about soft landings until very recently. Of course they founf that instead of jumping off a trampoline into a bed of feathers they realised they were jumping off a plane into a granite abyss.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>