Housing market bubble will not burst in 2004
Series: RICS News Service ; (pr127) 23 December 2003 (2)Publication details: 2003Subject(s): Summary: The RICS "Economic forecast: UK residential property" for 2004 predicts that house prices will increase by 6% in 2004, slowing down from the 11% rise expected for 2003 as result of a gradual rise in interest rates. London and other southern regions' price increases will remain subdued at 5% and northern regions' prices will rise by over 10%, significantly less than in 2003. Lack of properties for sale will exert upward pressure on prices in the first half of 2004. Housing demand will be boosted by economic recovery. The forecast is available at http://www.rics.org/resources/economic_analysis/residential_economic_forecast.html http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1095&faculty=RICS| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4001-24 (Browse shelf(Opens below)) | 1 | Available | 124694-1001 |
The RICS "Economic forecast: UK residential property" for 2004 predicts that house prices will increase by 6% in 2004, slowing down from the 11% rise expected for 2003 as result of a gradual rise in interest rates. London and other southern regions' price increases will remain subdued at 5% and northern regions' prices will rise by over 10%, significantly less than in 2003. Lack of properties for sale will exert upward pressure on prices in the first half of 2004. Housing demand will be boosted by economic recovery. The forecast is available at http://www.rics.org/resources/economic_analysis/residential_economic_forecast.html http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=1095&faculty=RICS