Rat and Mouse
Tue
15
Aug
RICS reports - a bullish bunch

So, following yesterday's DCLG house price report, it's the turn of the RICS today... and they're a bullish bunch. House prices, they say, climbed in the three months to July at the fastest rate since the crazy days of double inflation in 2004. What's more, they don't expect the recent interest rate rise to do anything to slow house price inflation in the short term. They're looking to another rate rise, which they expect to kick in next year. Some comment, here.

Comments

I wouldn't take anything RICS says too seriously. It has a vested interest in keeping the property market buoyant. If purchasers sight tight, there will be fewer people wanting to buy a survey.

Likewise, the site Rightmove is owned by estate agents, all of whom have a vested interest.


Posted by margret geraghty at August 15, 2006 11:25 AM


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