Image from Google Jackets

Economic review summer 2007 hiss or pop? [electronic resource]

By: Contributor(s): Language: English Publication details: London Institute of Directors 2007Subject(s): LOC classification:
  • 333.33. $2 18
Online resources: Summary: Reports the Housing Affordability Index (HAI) which suggests that a sustained period of low house price growth, with reductions in real terms, should be expected. This is seen as more likely than a fall in prices. Although the UK housing market appears expensive, it is more affordable than during the 1989-90 peak. While it is well above average at present, a gradual adjustment towards cheaper valuations within 3-4 years is predicted. Factors affecting what makes house prices acceptable to buyers are identified.

Reports the Housing Affordability Index (HAI) which suggests that a sustained period of low house price growth, with reductions in real terms, should be expected. This is seen as more likely than a fall in prices. Although the UK housing market appears expensive, it is more affordable than during the 1989-90 peak. While it is well above average at present, a gradual adjustment towards cheaper valuations within 3-4 years is predicted. Factors affecting what makes house prices acceptable to buyers are identified.

Previous
Back to results
Next
Close