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Monday, February 25, 2008

House Prices

Hometrack report that house prices in Britain have dropped for a fifth month in February, by 0.2%, as result of banks curtailing their lending.

Hometrack forecasts that home prices will rise by a meagre 1% in 2008 (33% of 2007).

They surveyed 3,500 real estate agents and surveyors; basing their figures on estimates of achievable, rather than asked, prices.

However, the fundamental issue that people actually need to get their heads around, when they talk about property in the UK, is whether there is enough housing available in the areas where people want to live.

The answer to that still apears to be, no.

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