Hometrack warns industry

Feb. 1, 2009
Hometrack has warned that the industry should not read too much into reports of an increase in house buyer interest emerging in the past month. The information business says its comprehensive survey of the market for January shows house prices falling by 1%, the 16th consecutive monthly fall, and the percentage change in new buyers registering with agents falling 6.1%. Director of research Richard Donnell said: “There may be a small amount of pent up demand feeding into the market, but the majority of would-be buyers remain highly circumspect over the broader outlook.” Earlier in the month RICS reported new buyer enquiries increasing at their fastest pace since August 2006, citing the cut in interest rates and fall in house prices as the reason. <br>

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