This entry was posted on Thursday, May 17th, 2007 at 8:59 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Home Prices Up in April
According to a report by the Royal Institution of Chartered Surveyors (RICS), house prices continued to increase in April. At the same time, the market continued to register more increases than falls, for the 18th month in a row.
The rise in property prices continues despite the increase in interest rates. With a slowdown unlikely anytime soon, the Bank of England will probably announce another rise in the summer.
In April, the number of properties on the market was high for a second month, a consequence of the upcoming introduction of home information packs (Hips) in June. As owners are looking to avoid paying for the packs, the number of unsold properties went up. However, in April the number of new buyers went down for the fifth month running.
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- 99.6% Drop in Asking Prices Growth in May
- Even fewer first-time buyers in May
- Annual Home Price Inflation Down in April
- Change of Course in the Introduction of Hips
- Home Price Growth Down to 0.6% in May