Property Investor - Rate fears fuel house price drop
Rate fears fuel house price drop
TTHE housing market is slowing and the outlook is gloomy, according to new figures from the Royal Institution of Chartered Surveyors. The number of homes changing hands has dropped by almost a third so far in May, mainly reflecting fears of an interest rate rise in the wake of the …
Mortgages scheme?will cause price boom?
Gordon Brown’s plan to use taxpayers’ money to help firsttime buyers came under fierce fire from a major think-tank today.Martin Weale, president of the National Institute of Economic-and Social Research, said the scheme would cause house prices to rise even further, pricing other people out of the market.He said …