Thu, Jul 30, 2015
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Market Moves more

UK ‘dependent’ on property market

Posted on 15 April 2013

The UK will be “heavily dependent” on the property market this year, with one million house transactions set to offset continued eurozone woes. The Ernst & Young Item Club’s spring forecast warns that the UK will have to wait until 2015 before exports start contributing positively to growth.
It expects GDP to expand by just 0.6% this year and that, with the rebalancing of the economy on hold, the UK will again have to rely on the consumer. This year’s forecast 7.5% rise in housing transactions comes as mortgage costs start to fall due to the Government and Bank of England’s Funding for Lending scheme. And in last month’s budget, Chancellor George Osborne announced plans to underwrite £130 billion of mortgages from next year………………………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
July 2015
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031