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RICS housing market survey Great Britain February 2006

By: Language: English Series: RICS Housing Market Survey Great Britain ; February 2006Publication details: 2006Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Records that house prices rose in February 2006 at the firmest rate since June 2004. London house prices increased at the sharpest pace in almost three and a half years, clearly outperforming the rest of the country for the first time since the late 1990s. New buyers continued to enter the market despite fading hopes of any further interest rate cuts. New buyer enquiries rose moderately in February but purchaser interest has increased for nine consecutive months, a survey record. Completed sales have stabilised over the past month but are still up by 17% over the last year. The stock of available properties for sale fell 4% from year ago levels. The improving market trend is reflected in surveyor confidence with expectations for price rises hitting close to a two year high.

Records that house prices rose in February 2006 at the firmest rate since June 2004. London house prices increased at the sharpest pace in almost three and a half years, clearly outperforming the rest of the country for the first time since the late 1990s. New buyers continued to enter the market despite fading hopes of any further interest rate cuts. New buyer enquiries rose moderately in February but purchaser interest has increased for nine consecutive months, a survey record. Completed sales have stabilised over the past month but are still up by 17% over the last year. The stock of available properties for sale fell 4% from year ago levels. The improving market trend is reflected in surveyor confidence with expectations for price rises hitting close to a two year high.