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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (54745)	10/28/2001 3:19:41 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

London too is being effected. Sunday, 28 October, 2001, 04:22 GMT Terror attacks shake housing market By Sarah Toyne BBC News Online personal finance reporter The terror attacks on America and economic uncertainty are having a profound effect on the housing market, according to a survey obtained by BBC News Online. New housing data reveals a marked slowdown in both price rises and activity across all regions of England and Wales in the first comprehensive national housing survey published since 11 September. Fears of terrorism have combined with worries about a pending recession to knock consumer confidence, which in turn appears to have stalled the rising trend in house prices seen over the past five years John Wriglesworth, Hometrack's economist Worst-hit are parts of the southeast and London, where prices stagnated or fell during October. The data from Hometrack, a monthly housing market survey, also indicates that the market has moved more in favour of buyers in many parts of the country. Nationally, there are almost 20% more properties for sale than active registered buyers, which suggests that further house price falls could be on the agenda. Worst hit In general, counties with higher than average property values, and with the most densely populated areas, have seen the most marked slowdown. With the exception of North Yorkshire, the bottom five performing "small" regions are in the southeast: London and the City, Surrey, Oxfordshire and Berkshire. Worst hit were properties in central London, where prices fell by 0.8% on average - a marked difference to June when prices rose by 0.7%. news.bbc.co.uk