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RICS UK economic brief March 2007 [electronic resource]

By: Language: English Series: RICS UK Economic Brief ; March 2007Publication details: London RICS 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that the credit crunch is impacting negatively on the residential property market with mortgage approvals falling sharply. The commercial property market showed a 12% drop in capital values over the year. Output in construction sector for Q4 slowed down to 3.2% from 3.5% the previous quarter. Finds that conditions in the mortgage market continue to suppress demand within the housing market.

Reports that the credit crunch is impacting negatively on the residential property market with mortgage approvals falling sharply. The commercial property market showed a 12% drop in capital values over the year. Output in construction sector for Q4 slowed down to 3.2% from 3.5% the previous quarter. Finds that conditions in the mortgage market continue to suppress demand within the housing market.