Monday, May 14, 2007

No figures Asking Price Index

No data yet. Must be taking longer to "factor" them. Future Release Dates 14 May 07 12 Jun 07 12 Jul 07

Posted by doomwatch @ 12:17 PM (559 views)
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2 thoughts on “No figures

  • Flood of new properties onto the market. Must be those really expensive £300 HIPs, as opposed
    to the BTL scum trying to cash in before their over geared fingers get burnt any further…

    “A large surge in the number of properties entering the market albeit with more
    competitive pricing has made for a month of weak gains in asking prices. The yearon-
    year change for England and Wales remains unchanged at 5.0%. With so much
    property on the market, the small 0.1% rise registered since the April report
    suggests that confidence amongst sellers may be beginning to ebb. The recent
    underlying trend of strengthening market sentiment is still evident in Greater
    London, whilst other regions show more mixed results. The UK property market
    appears to have lost some of the spring in its step under the increasing pressure of
    rising interest rates.”

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  • The writing is now clearly on the wall:

    “Without the lure of sufficient capital appreciation potential investors will
    refrain from entering the market and those with large portfolios may wish to reduce
    their exposure to risk and therefore place more properties on the market. Such is the
    danger of rising interest rates for the UK property market in creating a tipping point
    beyond which the market would unravel.”

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