Databank residential and regeneration
Khatri, Milan
Databank residential and regeneration - 2006 - Property Week 71(5) 3 February 2006, 52(1) .
According to the latest figures from the RICS, 2005 was good year for the property market. There was a second consecutive monthly rise in house prices in December, following 15 months of decline. The number of completed property sales has risen 8% over the last three months to reach its highest level since September 2004. Statistics suggest that the balance of the market is gradually shifting away from the buyer, with surveyors more positive about the prospects for price rises since April 2004. Forecasts for 2006 predict that prices are likely to rise gradually by 4%, suggesting an mprovement in economic growth, and interest rates will remain low.
RICS HOUSING MARKET SURVEY ENGLAND AND WALES
Databank residential and regeneration - 2006 - Property Week 71(5) 3 February 2006, 52(1) .
According to the latest figures from the RICS, 2005 was good year for the property market. There was a second consecutive monthly rise in house prices in December, following 15 months of decline. The number of completed property sales has risen 8% over the last three months to reach its highest level since September 2004. Statistics suggest that the balance of the market is gradually shifting away from the buyer, with surveyors more positive about the prospects for price rises since April 2004. Forecasts for 2006 predict that prices are likely to rise gradually by 4%, suggesting an mprovement in economic growth, and interest rates will remain low.
RICS HOUSING MARKET SURVEY ENGLAND AND WALES