Every month we get data from various organisations about the health of the housing market, on asking prices from Rightmove, from the ONS on sale prices, both the Halifax and Nationwide give a lenders perspective and we get data on mortgage advances from the Bank of England and the Council of Mortgage Lenders. We also get what I would describe as a ‘sentiment’ survey from the RiCS. As they themselves confirm in their bulletin these are the collective views of about 600 surveyors across the country, it is based on their experience in the market, not on empirical data.
This month’s report was fairly downbeat. As usual is was widely reported but this summary from Simon Gompertz on BBC News was, I think, particularly good – and for you has the added benefit for once of not including a contribution from me!