Talking about LONDON: The British prices of residences maintained to fall abruptly into the three months at August even while the median number of sales at the house by land-surveyor struck new low, an outline shown yesterday.
The royal establishment of the land-surveyors privileged (RICS) said his balance of investigation of price of residences slightly improved to August 81 of 83 but by always showing a weak image for the market of the housing, which crumbles now after a decade-long pole.
?? A lack of liquidity of mortgage is the key question which keeps the market of housing to show any true sign of re-establishment,? the sheet of Jeremy of spokesperson of RICS said.
Confronted with a cracking of total credit, the companies of real loan tightened to the top the limits on which they make new loans, not requiring less than 25% of a value of property as deposit when before they seek 5% or even do not provide less than 120% of the value themselves.
The result was an abrupt fall in prices and transactions of residences drying to the top the effects of which are felt right through the economy with the companies with the detail of construction and pieces of furniture particularly seriously reached.
RICS indicated sales actual by land-surveyor held just at 12.7, the figure low since the question was included the first time in the outline in 1978. The levels of inventory on the books of the land-surveyors also fell behind.
Consequently, the report/ratio of the sales to the actions of the unsold property an indicator of slackness of the market fell to 15.4 from 16.9 in July.
The experimental improvement of the feeling seen in the investigation of July also proved of short duration, with more a great balance of the land-surveyors expecting that the sales fall further.
The royal establishment of the land-surveyors privileged (RICS) said his balance of investigation of price of residences slightly improved to August 81 of 83 but by always showing a weak image for the market of the housing, which crumbles now after a decade-long pole.
?? A lack of liquidity of mortgage is the key question which keeps the market of housing to show any true sign of re-establishment,? the sheet of Jeremy of spokesperson of RICS said.
Confronted with a cracking of total credit, the companies of real loan tightened to the top the limits on which they make new loans, not requiring less than 25% of a value of property as deposit when before they seek 5% or even do not provide less than 120% of the value themselves.
The result was an abrupt fall in prices and transactions of residences drying to the top the effects of which are felt right through the economy with the companies with the detail of construction and pieces of furniture particularly seriously reached.
RICS indicated sales actual by land-surveyor held just at 12.7, the figure low since the question was included the first time in the outline in 1978. The levels of inventory on the books of the land-surveyors also fell behind.
Consequently, the report/ratio of the sales to the actions of the unsold property an indicator of slackness of the market fell to 15.4 from 16.9 in July.
The experimental improvement of the feeling seen in the investigation of July also proved of short duration, with more a great balance of the land-surveyors expecting that the sales fall further.
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