11
Aug
Property market views 'are confused'
Homebuyers and estate agents in the UK have been left unsure of
what to think about the state of the property market after
contradictory views were released.
Earlier this week, the Royal Institution of Chartered Surveyors
revealed that many of their members had reported a drop in house
values last month - the first fall in prices since July 2009.
However, at the same time, the National Association of Estate
Agents stated that July 2010 had been one of its strongest
months.
It reported that supply had increased, the percentage of first-time
buyer sales had risen and there were more house hunters registered
with estate agents in the UK.
Head of consulting at Ducalian Timothy Lambert said: "There are a
lot of contradicting views at present."
He added that there are many first-time buyers who believe that if
they do not buy now they will miss out on the opportunity before
prices rise again.
Mr Lambert also said that while banks are under pressure to make
mortgages easier to obtain, they are also expecting a second dip so
are being cautious with their lending.