Loading ...Fears grow of double dip for UK housing market
10 mars 2010 7:02 - Le buzz immobilier
Angleterre, vers un nouveau krach immobilier ? ”The housing market seems set to undergo its own “double-dip” recession, with Halifax announcing yesterday that there was a 1.5 per cent fall in house prices between January and February, and with the slow economic recovery now on course to depress sentiment for the rest of the year. The Halifax number follows the 1 per cent drop in values registered by the Nationwide in January, and will be especially disappointing for home owners because it cannot be seen as simply a reflection of the temporary strength of the market in December being corrected the following month.
Mortgage advances and prices rose strongly in the last weeks of 2009 as first-time buyers rushed to take advantage of the stamp-duty holiday before it ended on New Year’s Day. Thus, December “borrowed” some of the buoyancy that might normally have shown through at the start of this year, leaving January looking anaemic.
Analysts believe that the price correction now is more fundamental and a result of a rise in the supply of properties coming on to the market. An artificial shortage of supply last year – because of the thin market and owners’ unwillingness to crystallise losses – seems to have been responsible for much of the house price boomlet then.”
Fears grow of double dip for UK housing market
Angleterre, vers un nouveau krach immobilier ?
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