Housing market bubble will not burst in 2004
Housing market bubble will not burst in 2004
- 2003
- RICS News Service (pr127) 23 December 2003 (2) .
The RICS "Economic forecast: UK residential property" for 2004 predicts that house prices will increase by 6% in 2004, slowing down from the 11% rise expected for 2003 as result of a gradual rise in interest rates. London and other southern regions' price increases will remain subdued at 5% and northern regions' prices will rise by over 10%, significantly less than in 2003. Lack of properties for sale will exert upward pressure on prices in the first half of 2004. Housing demand will be boosted by economic recovery. The forecast is available at http://www.rics.org/resources/economic_analysis/residential_economic_forecast.html http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1095&faculty=RICS
ECONOMIC FORECASTS
HOUSE PRICES
RESIDENTIAL PROPERTY MARKET
INTEREST RATES
BUY-TO-LET
FIRST-TIME BUYERS
INVESTMENT BUYING
REGIONAL VARIATIONS
The RICS "Economic forecast: UK residential property" for 2004 predicts that house prices will increase by 6% in 2004, slowing down from the 11% rise expected for 2003 as result of a gradual rise in interest rates. London and other southern regions' price increases will remain subdued at 5% and northern regions' prices will rise by over 10%, significantly less than in 2003. Lack of properties for sale will exert upward pressure on prices in the first half of 2004. Housing demand will be boosted by economic recovery. The forecast is available at http://www.rics.org/resources/economic_analysis/residential_economic_forecast.html http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1095&faculty=RICS
ECONOMIC FORECASTS
HOUSE PRICES
RESIDENTIAL PROPERTY MARKET
INTEREST RATES
BUY-TO-LET
FIRST-TIME BUYERS
INVESTMENT BUYING
REGIONAL VARIATIONS