Thursday, 30 December 2010

Postcode lottery: Ten property hotspots for the New Year - Property, House & Home - The Independent

Postcode lottery: Ten property hotspots for the New Year - Property, House & Home - The Independent

It is going to be a market of two halves in 2011 – but with a few exceptions. Most housing market analysts say the trends emerging in recent months will go on to dominate the year ahead. House prices will gently slide by 3 per cent to perhaps 10 per cent in the Midlands, northern England, Wales and Scotland, exacerbated where there are large numbers of public sector jobs highly vulnerable to cutbacks.

Meanwhile homes in central London and the Home Counties, and affluent pockets across Britain, will continue to rise in value by as much as 5 per cent because their buyers are largely unaffected by mortgage lending restrictions, and are undeterred by the VAT rise which will make estate agency, legal and surveying fees more expensive.

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