Price Growth in the Last Housing Bubble was Three Times Higher!
Kate Faulkner’s Latest Property Price Summary
Rightmove – “2014: Prices forecast to rise by up to 8% unless more properties come to market.”
Home.co.uk – “Inventory hits all-time low as seasonal slowdown takes hold.”
NAEA – “First time buyer numbers increase as Help to Buy gains momentum.”
Hometrack – “75% of housing markets register price gains in 2013.”
RICS – “Stagnating instructions underpin stronger price trend.”
Nationwide – “House prices continued to gain momentum as 2013 drew to a close.”
Halifax – “House prices in the final quarter of 2013 were 1.9% higher than in the previous three months (July-September).”
Acadata – “House prices up by £11,920 in 2013 – the highest December yearly rise since 2007.”
Land Registry – “The November data shows a monthly price change of 0.1 per cent.”
Kate Faulkner comments on Report Headlines:
“It is great to see property prices and the market turning the corner after six long years. However, as an industry, we have a duty to advise buyers, sellers and investors based on accurate reports, not hype and speculation. The reality is, since 2000, property price growth in England and Wales has grown at an annual average of 8.3% (Land Registry). So all property prices are doing – nationally on average – is recovering to normal annual growth rates.”
Read the full version of Kate Faulkner’s latest summary ‘Price Growth in the Last Housing Bubble was Three Times Higher!’ including:-
- Regional Property Price Differences
- Demand for Property
- Supply of Property
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