The housing market will continue to strengthen over the next few years rendering a dreaded 'double dip' in prices unlikely, investment specialists Assetz says.
The firm says commonly-held ideas over the causes of house price falls are misplaced. It says future interest rate rises will not trigger a rise in forced sales because the bank base rate will remain low for the foreseeable future. While many in the market have predicted there will be more distressed sales due to rising unemployment, Assetz believes the private sector is reaching the end of its job reduction phase. A sudden rush of stock availability which could push down prices will also not happen because sellers will only gradually return to the market. New home building is s...
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