Ultimately the property market depends on five key criteria:
Interest rates which may peak at 6.0% but these are still historically quite low, low unemployment, low inflation, demand & supply and the very important feel good factor.
The market is starting to slow up again, however the last few years have been pretty good. London has a great story for the future; the Olympic Games should ensure that property values remain buoyant together with a strong City, tourism, the new Wembley stadium and terminal 5 Heathrow to name but a few huge projects. The rest of the country will come off the boil in my opinion and struggle to maintain past property price increases.
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Posted: 28. February 2011 09:33