What Impact will another Recession have on the Property Market?

Future Market

Predicting the property market is about as difficult as predicting the weather - and expert forecasts are rarely accurate. We know that over the next five years, in most areas, property prices are likely to recover, but within the next year or two, without a clear picture of how hard a recession could hit and to what level unemployment will rise, let alone unknown impacts of the Eurozone crisis on our banks and property market, it is tough to work out what will happen within the next six to twelve months. However below we go through key indicators which can influence prices.

READ ON for the full Future Property Market analysis

Implications of the FSA Mortgage Changes for the Housing Market

The UK Housing Market

The changes to the market are unlikely to have much impact in the short term as currently mortgage lending criteria is pretty much sticking to similar rules as the FSA intend to impose.

The main impact will really take place when the economy and the market is likely to start recovering. Normally during a recovery, lending criteria will be relaxed a little as house prices start to rise rather than fall and lenders feel more secure in approving mortgage loans.

FIND OUT HERE what the implications are for you!