Economic review [electronic resource] summer 2007 hiss or pop?
Leach, Graeme
Economic review summer 2007 hiss or pop? [electronic resource] - London Institute of Directors 2007
Reports the Housing Affordability Index (HAI) which suggests that a sustained period of low house price growth, with reductions in real terms, should be expected. This is seen as more likely than a fall in prices. Although the UK housing market appears expensive, it is more affordable than during the 1989-90 peak. While it is well above average at present, a gradual adjustment towards cheaper valuations within 3-4 years is predicted. Factors affecting what makes house prices acceptable to buyers are identified.
United Kingdom--
333.33. $2 18
Economic review summer 2007 hiss or pop? [electronic resource] - London Institute of Directors 2007
Reports the Housing Affordability Index (HAI) which suggests that a sustained period of low house price growth, with reductions in real terms, should be expected. This is seen as more likely than a fall in prices. Although the UK housing market appears expensive, it is more affordable than during the 1989-90 peak. While it is well above average at present, a gradual adjustment towards cheaper valuations within 3-4 years is predicted. Factors affecting what makes house prices acceptable to buyers are identified.
United Kingdom--
333.33. $2 18