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UK housing market another year of subdued activity [electronic resource]

By: Language: English Series: RICS Economics ; 22 December 2010Publication details: London RICS 2010Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: House prices predicted to fall slightly in 2011. The lack of supply in the market is likely to prevent significant house price declines in 2011. The narrowing gap between supply and demand will see the gentle downward trend in prices currently taking place at least partly reversed as the year wears on. Transactions levels will remain flat as mortgage lending remains subdued for another year with many first-time buyers struggling to meet their aspirations of home ownership.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 151909-2001

House prices predicted to fall slightly in 2011. The lack of supply in the market is likely to prevent significant house price declines in 2011. The narrowing gap between supply and demand will see the gentle downward trend in prices currently taking place at least partly reversed as the year wears on. Transactions levels will remain flat as mortgage lending remains subdued for another year with many first-time buyers struggling to meet their aspirations of home ownership.