22.12.2010 - UK: Housing market faces an uncertain year
From Investorschronicle.co.uk: Prospects for the housing market are likely to remain subdued in 2011, influenced by funding constraints, regulatory pressures, economic uncertainty and unemployment, according to Nigel Terrington, chief executive of buy-to-let mortgage specialist Paragon. The picture in the owner-occupier housing markets is certainly bleak. Mortgage lending fell again in November, and according to the Council of Mortgage Lenders (CML), November was the fifth consecutive month where gross mortgage lending has been at its weakest since the equivalent month in 2000..............................................Full Article: Source
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