UK Housing Market Update (March 2008)

Friday, March 21, 2008
by Geoff Riley

Data for March 2008 shows a further deceleration in the pace of house price inflation and a sharp drop in the volume of completed property transactions. There are signs of a tightening of mortgage lending with some smaller building societies restricting the number of mortgages they are prepared to lend out.  The value of new home loans is certainly falling and the share of fixed rate mortgages in the property market is sliding. I have attached a six chart summary of developments in the housing market used in discussion with my AS Economics students.

Housing_Market_March_2008.doc

Posted to Housing Market
Tags: housing, mortgage, property, fixed interest rates
Print Digg it Del.icio.us My Yahoo RSS

Comments

Name:

Email:

Location:

URL:

Smileys

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:


Latest entries

Categories

Monthly Archives

Tags

inflation, recession, confidence, competition, housing, price, prices, demand, dollar, slowdown, credit crunch, property, expectations, china, food, incentives, unemployment, profit, sterling, consumption, supply, euro, usa, environment, trade, gdp, risk, externalities, emissions, debt, mortgage, costs, wealth, economist, investment, globalisation, supermarkets, commodities, exports, deflation, taxes, downturn, environmental, saving, monopsony, productivity, inequality, welfare, economic cycle, employment, retailers, macroeconomics, behavioural economics, oil, copper, economics, climate change, stocks, evaluation, tim harford, pollution, airlines, interest rates, happiness, efficiency, waste, poverty, innovation, manufacturing, management, competitiveness, carbon trading, stagflation, eurozone, price discrimination, imports, migrants, regulation, profits, population, sub-prime, survey, india, crude oil, newsnight, rationality, landfill, uk economy, monetary policy, federal reserve, balance of payments, us economy, economies of scale, lse, aviation, labour market, market failure, agflation, contestable, currencies,

Syndicate