Signs of Recovery in the Housing Market?
10 consecutive months of house price falls ended in January with house price rising by 1.9% in the month, according to Halifax.The bank reports that activity may be stabilising, although from a very low base and warn that it is important not to place too much emphasis on one month's figures.
The annual rate of house price inflation, measuring prices over 3 months, hit a new record low of -17.2%. However, a simple year on year comparison showed price a slowing the price falls to -16.4%, another small glimmer of hope for those looking to spot the first signs of a housing market recovery.
Recently there have also been reports from RICS of a jump in new buyer enquiries, while a survey by Rightmove found that 66% of people think now is a good time to buy a house. Mortgage approvals were also up in December, however this is again from a very low base. The market may also be helped again today when the Bank of England is widely expected to cut interest rates to their lowest level in 350 years.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us 
Facebook
0 Comments:
Post a Comment
Links to this post:
Create a Link