Wondering whether now is the time to find a company that will answer the question ‘how do I sell my property fast‘?
If so, you may be interested to hear that house prices are likely to fall and mortgage rates are likely to rise next year.
That is according to the Daily Telegraph, which suggested another static year for house prices seems the best we can hope for, but there is more risk of a sharp decline than of prices taking off again.
First-time buyers are priced out of the market by the increase in deposits that lenders are demanding in the wake of the credit crisis, but an even bigger drag is uncertainty caused by the eurozone crisis and the threat of a second recession in Britain.
Mike Bessell, who covers the house building sector for Evolution Securities, the stockbroker, told the newspaper: “The market is just bumping along the bottom.”
December 19, 2011 at 10:20 am | Uncategorized |
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