DO YOU THINK WE WILL SEE A LULL IN THE HOUSING MARKET?
HOWARD ELSTON AYLESFORD INTERNATIONAL
We nearly always get a lull once November turns into December unless the market is absolutely roaring. But I suspect the market is not strong enough this year for it to be a good month. I don’t think we will see activity picking up again until the middle of January.
ED STANSFIELD CAPITAL ECONOMICS
At this time of year, prices do tend to dip off a bit and there was a pretty strong move last month. Sellers are now looking to test the water again. If that happens on a wide scale, then the sellers’ market that we have at the moment could easily turn into a buyers’ market. Prices still look high relative to income on a historical basis, which could see demand ease off.
SIMON RUBINSOHN RICS
A lack of supply and a lack of mortgage financing has put a bit of a squeeze upwards on house prices since demand is only picking up modestly. But there is still some momentum in the market in terms of pricing and transaction levels will also keep up on a seasonally-adjusted basis.