Terrorism slowing homebuying market?
Terrorism slowing homebuying market?
- 2001
- RICS Residential Faculty News 26 October 2001, (2) .
There has been a mixed reaction among housebuilders to the effect the terrorist attacks in the US are having on the UK housing market. While Bellway and Gleeson are playing down the effects Prowting claims home reservations are down. Latest reports from the Nationwide and Halifax suggest the attacks could affect the housing market in the long term, by undermining the global economic climate. The latest RICS Housing Monthly Survey also confirms the market is slowing and DTLR housebuilding statistics for August 2001 consolidate the picture. They indicate a continuing decline in the number of dwellings being built.
TERRORISM
SURVEYS
HOUSE BUILDING
HOUSING MARKET
STATISTICS
ECONOMY
There has been a mixed reaction among housebuilders to the effect the terrorist attacks in the US are having on the UK housing market. While Bellway and Gleeson are playing down the effects Prowting claims home reservations are down. Latest reports from the Nationwide and Halifax suggest the attacks could affect the housing market in the long term, by undermining the global economic climate. The latest RICS Housing Monthly Survey also confirms the market is slowing and DTLR housebuilding statistics for August 2001 consolidate the picture. They indicate a continuing decline in the number of dwellings being built.
TERRORISM
SURVEYS
HOUSE BUILDING
HOUSING MARKET
STATISTICS
ECONOMY