According to the RICS, there is an army of buyers out there, ready to jump into the property market and stabilize prices. Estate agents are inundated with enquiries. In fact, the volume of enquiries is actually higher than during the bubble years.
Hungry buyers, the lowest interest rates in 400 years, and a government committment to stabilise house prices at any cost - that sounds like a recipe for a housing bubble.
Saturday, July 25, 2009
At last - a chart for estate agents
Labels:
crash,
Debt,
demographics,
finance,
inflation,
insolvency,
interest rates,
UK,
UK banking,
UK house prices,
US economy
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