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RICS UK housing market forecast 2006

By: Language: English Series: RICS UK Housing Market Forecast ; 2006Publication details: 2005Subject(s): LOC classification:
  • 333.33 $2 18
Summary: RICS forecasts house prices will rise by 4% in both 2006 and 2007, based on the ODPM house price index. Housing activity is likely to maintain current levels in 2006 producing a 13% rise in sales compared with 2005, having fallen for two years. RICS predicts another quarter percent interest rate cut that will ease credit constraints and shore up confidence.

RICS forecasts house prices will rise by 4% in both 2006 and 2007, based on the ODPM house price index. Housing activity is likely to maintain current levels in 2006 producing a 13% rise in sales compared with 2005, having fallen for two years. RICS predicts another quarter percent interest rate cut that will ease credit constraints and shore up confidence.