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Economic forecast UK residential property - August 2006

By: Language: English Series: RICS Economic Forecast: UK Residential Property ; August 2006Publication details: London RICS 2006Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Predicts that house prices will rise 7% in 2006 and 3% in 2007. According to an accessibility index developed by RICS, first-time buyer affordability is at its worst since the first quarter of 1992 but is still much better than at the height of the late 1980s housing boom. First-time buyer accessibility has in fact deteriorated three-fold over the past decade. Graphs and tables.

Predicts that house prices will rise 7% in 2006 and 3% in 2007. According to an accessibility index developed by RICS, first-time buyer affordability is at its worst since the first quarter of 1992 but is still much better than at the height of the late 1980s housing boom. First-time buyer accessibility has in fact deteriorated three-fold over the past decade. Graphs and tables.

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