propertytalk Live! - Lending and low rates key to 2011 housing market
Estate Agents have revealed their predictions for the UK property market over the next 12 months.
Peter Bolton King of The National Association of Estate Agents predicted the rise of ‘postcode power’ - as premium areas emerge from the slump at a faster rate than others.
Any recovery, he warned, will be strongly dependent on the major lenders making mortgage finance more available. Bank of England decisions on interest rates will also have a major effect on the market. The monthly wait for the MPC’s decision on interest rates will be a nervous time for both existing and potential borrowers.
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