October 2011

Despite the car thermometer nudging 30 degrees on Friday, the Nationwide Chief Economist talks of “a cooling recovery in the UK housing market as accelerating inflation and government budget cuts weaken consumer confidence”.  He does paint a gloomy picture with, looming in the background, the well documented crisis in the Eurozone.  Now, I do not wish to…

September 2011

Some economists warn that the current weakness in the housing market is a worrying symptom that confidence in the economy continues to falter.  Well, I agree up to a point.  It is true that people are nervous about taking on new or bigger mortgages at a time when the economy remains relatively weak and their jobs may…

August 2011

Estate agent figures published at the end of July revealed that prices have continued to edge backwards in the last month.   According to the latest National Housing Survey, average prices dropped by 0.1%, resulting in a 3.9% fall from July 2010.   There was some brighter news though as the number of agreed sales rose sharply…