Housing market 'is being stifled'
The housing market is being stifled by a lack of first-time buyers and economic confidence, according to surveyors.
More reported prices falling than rising in November - a similar picture to the previous month, said the Royal Institution of Chartered Surveyors.
New buyer enquiries, newly agreed sales and average sales per surveyor all fell in November, the survey found.
Prices were falling across the UK and activity remained slow.
However, the end of the year is generally a slow time of year for the housing market and surveyors believe some sellers will wait until the new year before putting properties on the market.
More from ze source: BBC News - Housing market 'is being stifled'
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It's about time market prices brought back some control in the housing market.
What I mean is that when buyers can't afford to buy then it's the way it is - current prices can't be sustained. What's wrong is that sellers can avoid having to sell due to artificially low interest rates - effectively this is a market manipulation on grand scale designed to maintain unaffordable house prices.
Normally this would not work however this time it's different - printing of hundreds of billions of pounds to inflate everything else to get balanced average house price to be equivalent to 100 sacks of carrots, ingenious!
Or is it?
The housing market is being stifled by a lack of first-time buyers and economic confidence, according to surveyors.
More reported prices falling than rising in November - a similar picture to the previous month, said the Royal Institution of Chartered Surveyors.
New buyer enquiries, newly agreed sales and average sales per surveyor all fell in November, the survey found.
Prices were falling across the UK and activity remained slow.
However, the end of the year is generally a slow time of year for the housing market and surveyors believe some sellers will wait until the new year before putting properties on the market.
More from ze source: BBC News - Housing market 'is being stifled'
---------
It's about time market prices brought back some control in the housing market.
What I mean is that when buyers can't afford to buy then it's the way it is - current prices can't be sustained. What's wrong is that sellers can avoid having to sell due to artificially low interest rates - effectively this is a market manipulation on grand scale designed to maintain unaffordable house prices.
Normally this would not work however this time it's different - printing of hundreds of billions of pounds to inflate everything else to get balanced average house price to be equivalent to 100 sacks of carrots, ingenious!
Or is it?
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