United Kingdom housing market supply serious imbalance _Value magazine

Transfers from the 2008 24 June FT Chinese network United Kingdom Financial Times Daniel · Thomas (DanielThomas), Delphi na · Strauss (Delphine Strauss) reports for sale residential number is 15 times posit, worrying signs that the housing market's supply and demand imbalances. As banks tightening credit, many buyers found more and more difficult to obtain a mortgage loan. At the same time, because it is widely expected to next year's housing prices will fall, and many people have decided to postpone investment. Residential sales portal Rightmove 23 June report, along with the housing market slowdown momentum intensifies, real estate brokerage firm carrying 100 million dwellings for sale. Web site claims that the seller has to lower the asking price to attract buyers. Rightmove said its sales figures, and 6 months ago, the market for sale housing quantity increased by 25%. At the same time, the United Kingdom Association of mortgage lending institutions (Council of MortgageLenders) data show that in the first quarter of 2008 almost halved the amount of the loan, to 14.23 million mortgage. Rightmove said the market 100 million sets for sale residential building, and the proportion of posit is about 15: 1. And last year's average ratio 7: 1. The company said that the real estate brokerage company average every branch carrying 75 set of unsold homes, to highest level ever recorded. It added that sells started to become much more realistic. On its website, the average price in June fell by 1.2%, offset by the rebound last month, the price is almost back to the level of a year ago, the annual increase of only 0.1%. Clive Crook