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Housing market recovery wont arrive until 2017

Posted on 07 December 2012

The UK housing market is unlikely to recover until 2017 at the earliest, according to research commissioned by Legal and General’s Mortgage Club and Cebr.
House prices are expected to rise 17 per cent to an average of £254,000 by 2017 while gross mortgage lending is forecast to hit £212bn, up from £142bn this year, according to the report entitled “A New Normal in the Housing Market.”……………………………………….Full Article: Source


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