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)
2 thoughts on “House price growth tailing off”
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doomwatch says:
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.
paul says:
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.