Thursday, March 04, 2010
Cars up, houses down
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

New car registrations continued to climb, though at a slower rate, and the test will be when the scrappage scheme comes to an end soon. Registrations in February, 68,586, showed a 26.4% rise on a year earlier.

The Halifax's report of a chunky 1.5% fall in house prices in February, meanwhile, confirmed the Nationwide's report of price weakness a few days ago. Is it the weather, or the beginning of a new downward trend? We won't know for a couple of months. More details here.