Housing market update
Housing market update
- 2001
- RICS UK Economic Brief July 2001, 6(1) .
Describes, and then considers, key industry observers' recent assessments of the state of the housing market. Gives details of the Halifax and Nationwide's June 2001 house price indices. Both point to an upturn in house prices over the last three months. The RICS Housing Market Survey backs up this current picture of renewed buoyancy. Inland Revenue data also indicates property transactions remained steady in May 2001. Due to the deteriorating global economic climate the RICS Survey predicts a moderation in house prices by autumn 2001. Graph.
RICS HOUSING MARKET SURVEY ENGLAND AND WALES
HALIFAX
NATIONWIDE
HOUSE PRICES
PROPERTY TRANSACTIONS
ECONOMY
Describes, and then considers, key industry observers' recent assessments of the state of the housing market. Gives details of the Halifax and Nationwide's June 2001 house price indices. Both point to an upturn in house prices over the last three months. The RICS Housing Market Survey backs up this current picture of renewed buoyancy. Inland Revenue data also indicates property transactions remained steady in May 2001. Due to the deteriorating global economic climate the RICS Survey predicts a moderation in house prices by autumn 2001. Graph.
RICS HOUSING MARKET SURVEY ENGLAND AND WALES
HALIFAX
NATIONWIDE
HOUSE PRICES
PROPERTY TRANSACTIONS
ECONOMY