Summary
Nigel Jones, director of John Francis - the largest Welsh-based estate agent - takes a look at changes in the 2004 property market and makes his predictions for 2005 NEVER could the sporting two halves metaphor be more pertinent to the property market than in 2004. With house price rises for most property types in Swansea and West Wales reaching 30% in the first six months of the year, it came as no surprise to see prices plateau and begin to stagnate in late summer.
As with all pure markets, the forces of supply and demand were at the root of all that has happened. Despite the fact that more and more properties came onto the market in the first six months of year, the increase in demand meant that the supply was still insufficient to quench the thirst of buyers.See the full content of this document
Extract
After the Boom Stability Beckons
Five interest rate rises and the blunt words of the Governor of the Bank of England ultimately had a dramatic effect. By December twice the number of pr...
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