RICS 2008 housing market forecast [electronic resource]
Language: English Series: RICS UK Housing Market Forecast ; 2007Publication details: 2007Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 141896-1001 |
Predicts a difficult year for the housing market. The weakness in house price indices is likely to appear in the DCLG index. This will result in finance being harder to obtain. However, a meaningful retreat in house prices should be avoided by two macro-economic drivers. These are a fall in the interest rate structure and a lack of significant failure in the employment market. Unemployed claim levels are at their lowest in thirty years. Acknowledges a significant fall in confidence towards the housing market among both the public and surveyors, despite a relatively positive economy.