Economy presents key threat to residential sector [electronic resource]
Economy presents key threat to residential sector [electronic resource]
- London RICS 2011
- RICS Housing Update 22 December 2011 .
Sales of homes may rise a little in 2012 but prices will struggle to follow suit. Prices at a headline level will edge lower by around 3% across the UK. However, the low level of supply should continue into the coming year, stabilising prices and preventing significant declines. Transaction levels are likely to see a slight resurgence in 2012 and climb back to around 880 000, roughly the level of activity recorded in 2010. However, to put this in context, total sales in 2006 were almost double this amount at 1.67mn
RICS UK HOUSING MARKET FORECAST
United Kingdom--
333.33 $2 18
Sales of homes may rise a little in 2012 but prices will struggle to follow suit. Prices at a headline level will edge lower by around 3% across the UK. However, the low level of supply should continue into the coming year, stabilising prices and preventing significant declines. Transaction levels are likely to see a slight resurgence in 2012 and climb back to around 880 000, roughly the level of activity recorded in 2010. However, to put this in context, total sales in 2006 were almost double this amount at 1.67mn
RICS UK HOUSING MARKET FORECAST
United Kingdom--
333.33 $2 18