The Council of Mortgage Lenders (CML) have revealed that the UK housing market is as flat as it ever has been and expects very few people to be buying homes over the next few years. These assumptions were backed up by data from Hometrack which showed that house prices increased by just 0.2% in April.
The CML also said that those who were thinking about moving house have decided against it because of high deposit rates required as well as feelings of uncertain about the economy and upcoming general election. With little sign of a quick house sale in sight, month on month house prices have pretty much stayed the same with homesellers asking just 0.1% more in March than in February.
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