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All signs point to housing stagnation in 2012

Posted on 27 January 2012

All signs are pointing to a stagnant UK mortgage market in 2012, new research suggests.The generational divide in the UK property market is likely to cause housing stagnation in 2012, with young people unable to buy and older homeowners unwilling to sell, according to HSBC.

The constraint on new property coming onto the market – cited as one of the main reasons why house prices held relatively firm in 2011 – looks as if it will continue in 2012, with just 12% of people thinking about moving or getting on the property ladder over the next six months……………………………………….Full Article: Source


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