Friday, September 14, 2007
Now then, back on the subject of house prices
Miles Shipside, Commercial Director of Rightmove comments: "Whilst there was a surge of '4 bedders' coming onto the market for just one week at the end of July, there has been a much greater dearth of them in the four weeks since. If this happens with the remainder of the phased introduction of HIPs, the concern will be that impulse sellers are being put off by the additional costs and hassle of a pack. Whilst it should all settle down with time, it will take longer as sellers are now facing the challenges of a cooling market and the highest interest rates for 6 years".