This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-27794161
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Signs of caution in housing market, surveyors say | Signs of caution in housing market, surveyors say |
| (about 9 hours later) | |
| Surveyors have reduced their expectations for house price growth in the UK, despite a continued shortage of homes for sale. | Surveyors have reduced their expectations for house price growth in the UK, despite a continued shortage of homes for sale. |
| Property prices are expected to grow by 5% a year over the next five years, according to the Royal Institution of Chartered Surveyors (Rics). | Property prices are expected to grow by 5% a year over the next five years, according to the Royal Institution of Chartered Surveyors (Rics). |
| This prediction had edged down in recent months, Rics said. | This prediction had edged down in recent months, Rics said. |
| Price rise expectations in London have dropped from an estimate of 9% a year in March to just under 5% now. | Price rise expectations in London have dropped from an estimate of 9% a year in March to just under 5% now. |
| "What we are really seeing is some of the very strong upward momentum starting to come off the housing market, as a lack of supply, higher prices, more prudent lending measures and some of the talk from the Bank of England are creating a level of caution among sellers and buyers," said Simon Rubinsohn, chief economist at Rics. | "What we are really seeing is some of the very strong upward momentum starting to come off the housing market, as a lack of supply, higher prices, more prudent lending measures and some of the talk from the Bank of England are creating a level of caution among sellers and buyers," said Simon Rubinsohn, chief economist at Rics. |
| The Rics survey is one of a number of different surveys that are published about the UK housing market. | The Rics survey is one of a number of different surveys that are published about the UK housing market. |
| Earlier this month, the Nationwide Building Society said that there had been signs that activity in the UK housing market was starting to "moderate". | Earlier this month, the Nationwide Building Society said that there had been signs that activity in the UK housing market was starting to "moderate". |
| However, prices have risen in most parts of the country in recent months, with London showing double-digit annual growth in property prices. | However, prices have risen in most parts of the country in recent months, with London showing double-digit annual growth in property prices. |
| What do you think about the house price situation in the UK? What percentage of your salary do you spend on your mortgage? What steps have you taken to make sure you can pay off your mortgage? You can email haveyoursay@bbc.co.uk using the subject 'mortgage'. If you are willing to be interviewed on film, please include your full contact details. |