Tuesday, June 12, 2007
Market is slowing
House price inflation may have peaked
The figures are based on house prices at the transaction stage and therefore lag recent surveys from lenders that have suggested the market is slowing. The Halifax, the UK's largest home lender, said last week that property prices rose last month at their weakest monthly pace this year. Meanwhile, data from the Bank of England showed approvals for new mortgages fell for a third month running in April.
Posted by confused76 @ 06:18 PM (465 views)
3 thoughts on “Market is slowing”
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Pr says:
Well, I’m sorry to break this, but house prices don’t only peak if interest rates are rising and the BTL market is reliant on capital gains. It goes into reverse, and falls fuel falls. You get a crash! Somewhere between Q4’07 & Q2’08.
paul says:
Hmmm. Yes maybe … just maybe it has.
confused76 says:
I agree, Paul,
house price figures are not very clear…
http://business.timesonline.co.uk/tol/business/money/mortgages/article1915552.ece