Buy or Rent 05 11 2007 - News Archive

Buy or Rent

A recent prediction from RICS (The Royal Institute of Chartered Surveyors) says that more people may rent a property than buy due to a number of reasons. Chartered surveyors said that there had been a drop in property prices compared to August. The RICS state if you are looking to get cash out of property its best to do it now in case prices drop further.

There were less new buyers last month which they say is due to interest rates, HIPs and lenders making it more difficult to borrow money. They predict that the market will remain slow to the end of the year and 2008 will have no or little impact on prices either.
 
:: Added on: 05:11:2007 ::

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