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RICS housing market survey United Kingdom August 2007 [electronic resource]

By: Language: English Series: RICS Housing Market Survey United Kingdom ; August 2007Publication details: London RICS 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Finds that house price growth turned negative for the first time since October 2005. 1.8% more Chartered Surveyors reported a fall than a rise in house prices, down from 10.8% reporting a rise in July. Interest rates eroded buyer affordability, resulting in weakening buyer demand. The trend was most pronounced in the West Midlands, the North West, and East Anglia. New buyer enquiries declined for the ninth consecutive month and at the fastest pace since August 2004. New sale instructions fell for the third month in succession. Prices in London are still rising.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 140315-1001

Finds that house price growth turned negative for the first time since October 2005. 1.8% more Chartered Surveyors reported a fall than a rise in house prices, down from 10.8% reporting a rise in July. Interest rates eroded buyer affordability, resulting in weakening buyer demand. The trend was most pronounced in the West Midlands, the North West, and East Anglia. New buyer enquiries declined for the ninth consecutive month and at the fastest pace since August 2004. New sale instructions fell for the third month in succession. Prices in London are still rising.