Databank residential and regeneration
Language: English Series: Property Week ; 71(18) 5 May 2006, 54(1)Publication details: 2006Subject(s): Summary: House prices have continued to rise in March 2006, but at a slower pace since February 2006. Prices have been steadily increasing over time because confidence in the market's activity has returned. Buyer enquiries have managed to rise over a 10 monthly period and the number of sales per surveyor has risen to 20%. Mortgage approvals are above average, although the consistent rise in buyers may end sooner rather than later. The overall picture is positive, as both variable-rate and fixed rate mortgages are considered attractive. However, the unwillingness of mortgage providers to relax standards on much they will lend relative to people's incomes, means the housing market is unlikely to run away.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L133452 (Browse shelf(Opens below)) | 1 | Available | 133452-1001 |
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House prices have continued to rise in March 2006, but at a slower pace since February 2006. Prices have been steadily increasing over time because confidence in the market's activity has returned. Buyer enquiries have managed to rise over a 10 monthly period and the number of sales per surveyor has risen to 20%. Mortgage approvals are above average, although the consistent rise in buyers may end sooner rather than later. The overall picture is positive, as both variable-rate and fixed rate mortgages are considered attractive. However, the unwillingness of mortgage providers to relax standards on much they will lend relative to people's incomes, means the housing market is unlikely to run away.