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Housing market fundamentals 'strong'
16 April 2008
Housing market fundamentals remain strong and a quarter of surveyors are continuing to see price rises, according to the National Association of Estate Agents (NAEA).Regional discrepancies entail that home values in certain areas of the country will continue to grow, while corrections take place in other regions.
This is according to NAEA chief executive Peter Bolton King, who observes that the labour market is strong, demand for homes remains high and interest rates are low.
The Royal Institute of Chartered Surveyors recently reported that a quarter of the respondents to its regular survey noted property price rises last month.
Despite a recent dip in sentiment, "the key factors that underpin the housing market still exist", said Mr Bolton King.
"We can see from the figures that it is not all doom and gloom out there," he said, pointing to "low unemployment, historically low interest rates and a pent-up demand for houses".
Sellers with correctly-priced property will find a range of willing buyers, particularly for homes equipped with the latest energy-saving technology, such as double glazing.
