Lamport Bassitt Solicitors - Legal News - Unpredictable housing market reflects fragile confidence, expert says


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Unpredictable housing market reflects fragile confidence, expert says Those looking to secure residential conveyancing services might agree with an expert's view that the fortunes of the UK's housing market are closely linked with wider consumer confidence. Ben Wilkie, editor for What Mortgage, gave his view that the property sector is not necessarily over-inflated, but rather, subject to broader sentiment. He said that home values are "a barometer of the confidence in the economic situation - and because we're a bit worried about the position we're in at the moment, house prices are going to be a little bit more unpredictable". Mr Wilkie added that many observers do not believe the base rate will rise this year - and if it does, it will most likely be a marginal increase. Recently, Martin Gahbauer, Nationwide's chief economist, said that borrowers on variable mortgage rates have witnessed a high cash flow benefit from the lower Bank of England base rate on offer. Posted by Fiona White Related Articles: 20/1/2012 - Private rented sector demand 'strong' 19/1/2012 - UK property returns on the up 17/1/2012 - Student accommodation 'offering strong returns' 30/12/2011 - Barriers to private rental sector to be focus of govt review 23/12/2011 - Landbanking companies ordered into liquidation More Property Law News