Bank of England Agents’ summary of business conditions December 2011

Bank of England Agents’ summary of business conditions December 2011

12:18 PM, 21st December 2011, About 10 years ago 2

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The Bank of England Agents’ summary of business conditions December 2011 has been released, reporting a “softening housing market”.

First time buyers remain held back due to deposit requirements and home-owners are still wary to trade up due to market conditions. Buy to let investors on the other hand are providing “a source of demand for smaller properties favoured by would-be homeowners unable to buy.”

You can read the full report by downloading this PDF.



Comments

by

16:00 PM, 21st December 2011, About 10 years ago

By softening I think they mean falling/crashing. Like 2011, 2012 will seen as another year of house price falls.  The big difference is in 2011 house prices in London just started falling, in 2012 there will be far bigger London price falls.

by Neil Patterson

16:24 PM, 21st December 2011, About 10 years ago

Nothing in the BofE report unexpected or to get excited about. At least the pressure on commodity prices is easing


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