Price fall by 0.3
House prices fall by 0.3% in the last month, just in time for the start of the election build up. While the country is enjoying a relaxing of the economic climate, there is along way to go before we are back to 2007 levels, which party will prove to be the favoured one to bring us out of the recession? Have Labour learned their lessons on the finance sector?
Property will be one of the hot potatoes in the election, we see the US struggling to pull out of recession and keep up their international ‘duties’, the UK’s record national debt threatens any plans to artificially boost the property market. First time buyers are still in the mire they were (usually low earners and low on savings) and throwing billions of public money at them wont have great results. The government need to give something for everyone, rather than giving with one hand and taking with the other in the manner of all politicians.
Prices are sure to start rising again in 2010, at least the number of properties for sale is rising making the market more stable even if the average price is down. The people who will lose out are sellers who have reason to sell up which cant wait.
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