Databank residential and regeneration
Language: English Series: Property Week ; 71(5) 3 February 2006, 52(1)Publication details: 2006Subject(s): Summary: According to the latest figures from the RICS, 2005 was good year for the property market. There was a second consecutive monthly rise in house prices in December, following 15 months of decline. The number of completed property sales has risen 8% over the last three months to reach its highest level since September 2004. Statistics suggest that the balance of the market is gradually shifting away from the buyer, with surveyors more positive about the prospects for price rises since April 2004. Forecasts for 2006 predict that prices are likely to rise gradually by 4%, suggesting an mprovement in economic growth, and interest rates will remain low.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L132459 (Browse shelf(Opens below)) | 1 | Available | 132459-1001 |
According to the latest figures from the RICS, 2005 was good year for the property market. There was a second consecutive monthly rise in house prices in December, following 15 months of decline. The number of completed property sales has risen 8% over the last three months to reach its highest level since September 2004. Statistics suggest that the balance of the market is gradually shifting away from the buyer, with surveyors more positive about the prospects for price rises since April 2004. Forecasts for 2006 predict that prices are likely to rise gradually by 4%, suggesting an mprovement in economic growth, and interest rates will remain low.