CURRENT UK HOUSING MARKET

[thomasstuart]

Hi,
Many property experts believe the UK property market is slowing down. The primary reason has to be the rise of interest rates.

A chief economist at the Halifax has commented that annual house price inflation will slow over the next few months due to the rises in mortgage rates and the persistence of negative real earnings growth.

The property website, Rightmove, said that the stampede to beat the forthcoming Hips deadline attracted some poorly motivated sellers to the market. They are looking for cheap prices as there are a lot of houses up for sale.

[mjecson]

Anything just happen but still the housing market will never gone in loss, because the people have need of house and the cycle of the house will never stop in the world so they always need the house and real estate brokers always have good profit by that.

[Forex4you]

Completely agree with Mjecson, Housing market has a huge future potential..It will never go down may be this just temporary downturn.