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LATEST NEWS & EVENTS Property market 'still vulnerable to price swings'  People using residential property conveyancing services could still be at the mercy of an unstable housing market, it is claimed. The property market in the UK remains "vulnerable to sharp swings in price" because of the lack of mortgage finance and new homes, according to PricedOut. Matt Griffith, a spokesman for the affordable housing campaign, described the housing market as like a "rollercoaster". "This volatility is underpinned by its two most important factors – a very unhealthy record of house building and a mortgage industry that has specialised in excesses, both during the boom and during the credit crunch," he said. Mr Griffith added that the government needs to address both issues in an effort to create future house price stability. His comments come after the Council of Mortgage Lenders reported that 2010 was a stable year for the housing sector after two years of sharp falls in prices. The PricedOut spokesman also suggested that the key to creating more housing stock is to take on Nimbys and the UK's "dysfunctional planning system". 
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