NNN Lease Market News
U.K. Housing Market is in Firm dDecline After a Rebound in 2010
The figures are the latest to suggest the U.K. housing market is in firm decline after a rebound in 2010. The Halifax mortgage lender said last week that prices in April fell at their fastest annual rate since October 2009.
Prices have been depressed by a variety of factors. Many prospective buyers have seen their monthly income fall in real terms as inflation has outpaced wage growth, making it less appealing to invest in a bigger property. The threat of job loss has also dissuaded some from taking on a bigger mortgage. First-time buyers in particular have been deterred by tight lending conditions.
The RICS said the fall in its balance in May was driven by a rise in the number of prospective sellers on the market, coinciding with a modest drop in people looking to buy.
Showing posts with label U.K. Housing Market. Show all posts
Showing posts with label U.K. Housing Market. Show all posts
Tuesday, June 14, 2011
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