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RICS UK economic brief June 2008 [electronic resource]

By: Language: English Series: RICS UK Economic Brief ; June 2008Publication details: London RICS 2008Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that inflation of every day goods and the effects of the credit crunch mean that core inflation targets may be breached in future. This inflation also means that a slower growth in living standards in the UK and a continued deflationary influence on consumer spending looks likely to remain. Growth in tenant demand turned negative in Q1 2008 for the first time in four years, due to weak activity across much of the developed world. This has led to modest growth in available office space. New orders for private housing are now 18% down on January 2006 and new orders for private commercial workloads have also fallen by 15%.Summary: New buyer enquiries fell further in April and the latest reading of -68 is below the level directly after the fallout from Northern Rock last year. Buyer interest appears to be dropping for the fourth successive month and there is a widespread belief that prices will continue to fall in the near term.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 143989-2001

Reports that inflation of every day goods and the effects of the credit crunch mean that core inflation targets may be breached in future. This inflation also means that a slower growth in living standards in the UK and a continued deflationary influence on consumer spending looks likely to remain. Growth in tenant demand turned negative in Q1 2008 for the first time in four years, due to weak activity across much of the developed world. This has led to modest growth in available office space. New orders for private housing are now 18% down on January 2006 and new orders for private commercial workloads have also fallen by 15%.

New buyer enquiries fell further in April and the latest reading of -68 is below the level directly after the fallout from Northern Rock last year. Buyer interest appears to be dropping for the fourth successive month and there is a widespread belief that prices will continue to fall in the near term.