000 01447cam a2200253 4500
001 WB4001-24
008 031223n2003 000 0 eng u
035 _a(Sirsi) u124694
245 _aHousing market bubble will not burst in 2004
260 _c2003
490 _aRICS News Service
_v(pr127) 23 December 2003 (2)
520 _aThe 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
590 _aWB
650 _aECONOMIC FORECASTS
650 _aHOUSE PRICES
650 _aRESIDENTIAL PROPERTY MARKET
650 _aINTEREST RATES
650 _aBUY-TO-LET
650 _aFIRST-TIME BUYERS
650 _aINVESTMENT BUYING
650 _aREGIONAL VARIATIONS
690 _aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET
942 _n0
999 _c74003
_d74003