UK House prices stall
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Wednesday, February 06, 2008 |
The reports from the Halifax, Nationwide and Hometrack on the housing market in January
are now all out. And the findings: well, Hometrack recorded a 0.3 per cent fall,
Nationwide a small 0.1 per cent fall, and the Halifax had house prices flat. The
conclusion from the big three: Hometrack is saying underlying prices continue to
be supported by a tightening in supply of homes for sale, the Nationwide says there
may be some tentative signs of bottoming out on the demand side, and the Halifax
says sound economic fundamentals will support house prices in 2008.
So that seems pretty unanimous. The big three all agree things are tight, but are managing
to maintain a vestige of optimism. They are, if you like, blowing bubbles of hope
– or would it be better to say they are just blowing bubbles?
Source; Business news from Defaqto |
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