Summary
The fragile economic recovery looks set to disrupt the housing market during 2011 leading to property price falls, it has been predicted.
The Centre for Economics and Business Research (Cebr) said house prices had risen by 6.4 per cent during 2010, but it said the market recovery would stall this year, triggering price falls of 1.7 per cent. It said anaemic growth in disposable incomes and higher unemployment throughout 2011 would trigger house price falls, particularly in regions that were most vulnerable to public sector cuts. But it said affordability for first-time buyers would reach an eight-year high as house price growth weakened and mortgage interest rates stayed at record low levels.See the full content of this document
Extract
House Prices Set to Fall
Mortgage lending is expected to remain low n...
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