Shadow of the eurozone crisis may accelerate a dive in property prices - Property - House & Home - The Independent
A difficult spring for the property market could turn into a summer of discontent for house sellers as the eurozone crisis goes from bad to worse. This time of year usually sees a boost in sales as potential buyers begin house hunting but the latest figures from the Council of Mortgage Lenders show a hefty 19 per cent drop in gross lending, falling from £12.6bn in March to £10.2bn in April, the lowest figure since April 2011. Partly this is explained by the end of a stamp duty holiday for first-time buyers on 25 March but the biggest impact is sure to be concerns over Europe.
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