Tuesday, 26 April 2011

Property Price will it go up?

Flat is the word to say the least for UK Property market.
The UK housing market remained flat during March. Low sales levels and falling demand were noticeable, with regional divergences widening, says the latest UK Housing Market Survey for March 2011, published by the Royal Institution of Chartered Surveyors (RICS).
Falling demand, low sales and uncertainty are few of the words that can describe today’s housing market, the Chartered Surveyors report reporting a fall rather than a rise in new buyer enquiries (from -1 in February).
23% surveyors report concluded a fall in property prices and that London was the only place to record a rise in property prices, little buyer interest in various parts of the UK seems to impact the market, resulting in some downbeat pressure on property prices.
With the prospect of forthcoming interest rate rises and continued shortage of mortgage finance, it seems that overall recovery for the property market is still a long way off.
Bleak overall outlook with regards to present state of UK economy presents difficulties in accessing mortgage finance for first time buyers nationally to kick start recovery. 

1 comment:

  1. I am looking for the Flat to let London for 2012 London Olympics...But the prices of property going up...