Tuesday, September 8, 2009
Limited Mortgages Very Few Sales and Further Falls on the Cards
Outlook improving but housing market not out of the woods yet
RICS trying to ramp what is essentially bad news for those who see house price rises as good news! Eventually I suppose everyone will get the message that with very limited mortgage availability , (and Rightmove's last HPI said this will not improve for years), repossesions, high unemployment , rising interest rates property has to fall back in line with sensible and sustainable lending , which is GOOD NEWS for anyone who didn't buy in the last few years.
Posted by sybil13 @ 02:41 PM (713 views)
3 thoughts on “Limited Mortgages Very Few Sales and Further Falls on the Cards”
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paul says:
In other words, PLEASE MAKE HOUSE PRICES GO HIGHER, MONETARY POLICY COMMITTEE!
mystie010 says:
paul – you hit the nail on the head. After a few months of house price rises these lot are probably scared that we are in for a rate rise, so they are setting out their stall before the BOE meet next. Watch out for more of the same just in case the BOE think about raising rates.
p. doff says:
I think RICS would prefer to see increased sales volumes rather than increased prices. That way, surveyors would be busier and their jobs would be more secure.