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RICS housing market survey United Kingdom November 2006

By: Language: English Series: (RICS Housing Market Survey United KingdomPublication details: London RICS 2006Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: House prices inflation reached a plateau in November 2006 but market conditions remain strong. Northern Ireland and Scotland continue to experience buoyant conditions but price rises have slowed. New buyer enquiries stagnated in November but still remain strong throughout the country with demand boosted by rising incomes, a strong economic outlook and a healthy employment market. Completed property sales rose by 20% year on year, the biggest gain since March 2002 while stocks of unsold property remain at the lowest level since August 2004. The ratio of completed sales compared to the stock of available property rose to 42.5% from 41.0%. This is the highest ratio in two years and a strong indicator of a still buoyant market.

House prices inflation reached a plateau in November 2006 but market conditions remain strong. Northern Ireland and Scotland continue to experience buoyant conditions but price rises have slowed. New buyer enquiries stagnated in November but still remain strong throughout the country with demand boosted by rising incomes, a strong economic outlook and a healthy employment market. Completed property sales rose by 20% year on year, the biggest gain since March 2002 while stocks of unsold property remain at the lowest level since August 2004. The ratio of completed sales compared to the stock of available property rose to 42.5% from 41.0%. This is the highest ratio in two years and a strong indicator of a still buoyant market.

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