04.01.2013 - UK housing market stays afloat, but don't expect miracles
Property prices are resilient and mortgage credit is on the up but there are reasons to be cautious. All things considered, house prices proved remarkably resilient during 2012. The Nationwide building society has reported that prices fell by 1% during the year, but given that the UK suffered its first double-dip recession since the 1970s, the fall could have been a lot bigger. A number of factors explain why the cost of property stagnated. Rising employment, low mortgage rates and the leniency of lenders towards those in arrears meant there were few forced sellers...............................................Full Article: Source
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