Sunday, October 23, 2011

A bleak view of the housing market

House Price Sentiment Index

• UK house prices are perceived to have fallen for the 16th consecutive month in October, at a much sharper rate than in September • Expectations for house price growth over the next year turned negative this month, with homeowners at their gloomiest about the outlook for prices since May • Households with incomes of between £15,000 and £23,000 expect the biggest falls in prices over the next year, while those earning more than £58,000 expect prices to rise modestly

Posted by quiet guy @ 12:20 PM (1585 views)
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4 thoughts on “A bleak view of the housing market

  • The obsession with house prices continues unabated.

    The banks have all camps right where they have always wanted them, worrying about the welfare of BANKS.

    Poor little darlings!

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  • Good. Only when house prices (and rents) get back to reasonable proportions of income will this country have a future.

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  • In other words those with the biggest mortgages expect (are hoping) prices will rise modestly because they thinky they’re worth it.

    The first interest rate rise should sort any positive sentimentality out once and for all.

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  • happy mondays says:

    @ enuii, i’m not sure if interest rates will rise for quite sometime 🙁

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