lettings & estate agency appletons on 26 Oct 2007 02:29 pm
Further evidence of housing slowdown
The recent figures announced by the Land Registry is backing up the recent claims of a housing market slow down. According to the published data, the annual inflation rate for residential properties fell in September to 8.7%, down from 9.4% in August.
Although the Bank of England has kept the base interest rates unchanged this month, many analysts are predicting some cuts before the end of the year.
The slow down in the residential sales market traditionally increases the rental demand as more first time buyers tend to keep hold on to their money until everything settles down. The managing director of Appleton Lettings in Maidenhead, Sarah Akkus said “this is certainly in-line with the increase we have experienced in our rental and management division”.
