Housing markets are showing signs of recovery from last autumn’s plunge. The graph on top shows the numbers of old dwellings sold, including apartments, terraced houses, and detached houses from January 2007 to August 2009. The curves are indicated by colours: black = all homes, blue = all homes in blocks of flats, red = all terraced houses, yellow = all detached homes.
The graph in the middle shows the development of housing prices per square metre in old dwellings, including homes in blocks of flats and terraced houses, from January 2007 to August 2009. Blue = all homes in blocks of flats, red = all terraced houses.
The graph at the bottom shows the development of selling times (in weeks) for old homes in blocks of flats from January 2007 to August 2009.
When you consider buying a home, take into account the following:
Plus
+ Low rates of interest.
+ Nonexistent price increases or no inflation.
+ Pay hikes for those who are employed.
+ Rents are on the rise.
Minus
- Economic growth is expected to be weak even next year.
- Unemployment rate increasing.
- The supply is low.
- Prices have again started to rise.
|
 |
