27
Apr
Property market 'to remain stable'
The property market in the UK will remain stable in the coming
weeks, it has been claimed.
According to a spokeswoman for the Council of Mortgage Lenders, no
significant movement will be seen until after next month.
She said that people are likely to wait before they purchase a home
until after the general election, which is due to take place on May
6th.
The representative added: "We are not expecting too much movement
on transactions or prices, etc."
However, "there'll be a few ups and downs as we go along", she went
on to predict, saying such activity is to be expected.
Her comments follow the release of research conducted by Hometrack,
which revealed that house prices increased by 0.2 per cent in
April.
It also found that the supply of homes on the market is currently
outstripping demand, meaning those seeking to get a new dwelling
may be able to pick up a good deal.
