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House prices ‘more affordable’ but buyers strike continues

Posted on 17 June 2011

Fear has replaced greed as the dominant sentiment in the housing market, now lower prices and improved affordability are proving insufficient to tempt buyers back.
You know that things are bad when even estate agents struggle to put a positive spin on events. For example, the Royal Institute of Chartered Surveyors (RICS) admits that “the hoped-for spring bounce in the housing market failed to occur, as fears over the economy and lack of mortgage finance continued to depress activity levels”……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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