What are your first thoughts when someone mentions the housing market? Well, if you’re trying to sell your house, it’s probably not a positive reaction and we’re sorry to say that if MP’s are to be believed (we understand the irony) any signs of improvement are way off.
The Treasury’s plans to kick start the market through funding and house building is said to only go half way towards providing a real workable scheme. But some in the Government are keen to press on with the strategy as there’s no suitable alternative. Check out this article in the Independent that goes into more depth on the situation.
Tags: sale and rent back, sell and rent back, sell your house and rent it back
Interesting article. 2020 that’s a long way off. On average the housing market doubles every 10 years I find it diffiuclt to believe that it is going to take that long, maybe 3-4 years, yeah, but 11 years come on.
I agree Carl, 2020 is a bit pessimistic but papers like nothing better than bad news. The Rics report is saying there’ll be a slight rise in prices across ‘09 so your 3-4 years is more realistic. But as with any recovery, it’s speed will depend on the usual 3 factors: mortgage rates, the economy and the number of homes for sale.
True you’re right it wouldn’t be news if they didn’t put a spin on it. I guess nobody knows. I did read something interesting on BBC News. According to Nationwide house prices have risen by 1.6% in the last month and this is the fourth consecutive month. Sounds promising