House prices mainly remained stable during January , with two thirds of prices not shifting at all so the Royal Institution of Chartered Surveyors (Rics) declared today.
Surveyors reporting an increase in property prices as opposed to a decrease fell from 36% in December to 21% in January, with just 4% reporting a decline in prices; the majority (63%) reported prices remaining static.
Housing demand is rising again which could be a possible reaction to interest rate rises of recent, with there being a third consecutive fall in first time buyer enquires.
Should cost of borrowing increase beyond what people can afford, they may prefer to stay where they are rather than opt to buy.
As it stands, it may be cheaper for would be buyers to build on existing property as opposed to pay additional stamp duty as well as moving costs.
In the West Midlands there has been a lack of properties on the market which means that properties have been selling quickly and prices have been going up. Thus properties that have been coming on to the market do not stay around for long at estate agents .
 |
| Property Guides |
Buying property |
| Find Property in the UK |
| My estateagents | |||||
|
House Prices Stabilise
Thu, 15 Feb 2007
Recommended links
House Prices Hold Firm in JanuaryLondon House Prices at Olympic High
First TIme Buyers Have Highest Costs Ever
November Property Market Strong
House Buyers Not Likely to Buy at Christmas
| Bookmark: |  |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Estate Agents news |
|---|
| Insomnia rife in estate agents - Fri, 04 Jul 2008 |
| Estate agents need regulation - Fri, 27 Jun 2008 |
| Flat-Renting Landlords Need To Do More To Attract Tenants - Wed, 25 Jun 2008 |
| More News |
