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Anorak | End Of The Housing Boom On Nigh

End Of The Housing Boom On Nigh

by | 28th, May 2007

IT seems that a new report on the housing market is published every day and the latest to reach us, from Hometrack , reveals that the housing boom may be coming to an end.

According to the report, house-prices in two-thirds of postcodes in England and Wales were either static or fell in May. The average price of a home in the UK did rise this month, however, but only be a measly 0.6 per cent, lower than April’s 0.7 per cent rise.

With the Bank Of England’s recent penchant for interest rate rises and a rising supply of homes, this cooling of the housing market won’t have come as a huge surprise and Hometrack’s Richard Donnell expects

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Posted: 28th, May 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink