Sunday, April 29, 2007
Snapshot of the weeks property related news
House price reports and signs of a Spanish house price crash dominated the property news wires over the past week. Firstly Nationwide, Hometrack and Smartnewhomes. Nationwide suggested interest rate rises are a done deal - given that house price inflation shows little sign of slowing. Hometrack weighed in with figures suggesting HPI was moderating as affordability is being stretched to new found tensile strengths and smartnewhomes quietly released figures declaring that new homes had fallen in prices by 10K (year on year).