The Property Market’s Early Warning Signs are Flashing Red

 

  • “House prices are soaring, either up 7.3pc in the last year, according to building society Halifax, or by 5pc if you ask Nationwide.

  • Barclays has cut its mortgages for those with deposit that is lower than 25pc of the value of the property, and no high street banks will lend to anyone with under 15pc.

  • Rightmove, the property website, records asking prices; these reflect sellers’ optimism (or pessimism) about the market, and not the actual sale price.”

The Telegraph – via World News Monitor

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