Property market goes from ‘bad news’ to ‘good news’ in a few months!
We track most of the monthly reports on property prices produced on a monthly basis. This report summarises what’s being said about the market and includes Kate Faulkner’s comments on what this means primarily for the general public, but also for the industry, market and economy.
Rightmove – “Rightmove predicts autumn price surge, raising 2013 forecast to +6%.”
Home.co.uk – “Prices Soar as Supply Crisis Worsens in London and the South East.”
RICS – “Sales follow prices higher.”
Hometrack – “House prices post strongest increase since May 2007. 41% of markets registered price rises in September compared to 6% a year ago.”
Nationwide – “House price growth accelerates in September.”
Halifax – “House prices in the three months to September were 2.0% higher than in the previous quarter; slightly below the increases recorded in June, July and August.”
NAEA – “Housing market remains strong as FTBs reach new highs.”
Acadametrics – “House prices hit new record high in September.”
Land Registry – “The August data shows a monthly price change of 0.1 per cent.”
Kate Faulkner comments on Report Headlines:
“Wow, from ‘bad news’ to ‘great news’ in just a matter of six months. And yes, it appears, whether prices are rising or not, there are more transactions in the market place. That’s great news for the economy, as this will help claw back the huge job losses the industry suffered. And we aren’t just talking about agents, it’s jobs for professions such as solicitors, surveyors and financial experts. However, is this ‘bubble’ territory I keep being asked – no, but we are definitely in recovery stage, which is great news for homeowners who can perhaps see light at the end of the tunnel from a negative equity perspective. Let’s just hope the good news in some areas spreads to areas still suffering.”
Read the full version of Kate Faulkner’s latest Property Price Summary here, including:-
- Regional Property Price Differences
- Demand for Property
- Supply of Property
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