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First-time buyers set to rescue house prices |
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By PricedOut on
Fri, 21 Dec 2007 17:13:46 GMT
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/20/bcnrics120.xml
"Pent up demand from around 1.4m first-time buyers could provide huge support for the softening housing market next year, according to the Royal Institute of Chartered Surveyors."
PricedOut comments - FTBs and anyone else waiting for homes to become affordable should take this article with a very large pinch of salt. RICS represent surveyors who have a huge vested interest in turnover of house purchases. We wouldn't want surveyors to go out of business but they have been part of the system that has allowed prices to rise out of control and there is anecdotal evidence that some surveyors work in tandem with estate agents to boost prices. Like many other property industry representatives, they also tend to celebrate h ...
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FT News 14th December 2007 |
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By PricedOut on
Sat, 15 Dec 2007 17:12:59 GMT
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The FT ran several articles this weekend which are relevant to us; Banking, Mortages, and Buy-To-Let all came under the FT microscope. Here are a couple of quotes:-
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