Monday, December 21, 2009
House price rises predicted…..
''Against most economistsâ€™ expectations, almost every housing market indicator has turned up. Mortgage approvals have more than doubled from the low point (though net mortgage borrowing remains very subdued) and prices have recouped about a third of their previous losses. On the Halifax and the Nationwide measures, prices are set to rise by about 5 per cent this year (December/December).''