Monday, June 22, 2009
Property Values Dependent on Lending Levels
ECONOMIST VIEWS: WHAT ARE THE PROSPECTS FOR THE UK HOUSING MARKET ?
Surprise surprise we read it every day but with mortgage lending levels severely restricted due to the closure of the RMBS market leaving lenders reliant on dwindling deposits then as the CML said: "Activity remains at extremely low levels on any historic comparison – and weaker than at any point in the early 1990s. Limited lending capacity and the impact of further job losses are likely to act as a ceiling for how far the improvement can continue." Eventually I suppose we will ALL get it, that the market HAS to adjust back to pre 2001 levels before the opening of the RMBS market fueling the bubble of all bubbles.
Posted by sybil13 @ 07:31 AM (907 views)
One thought on “Property Values Dependent on Lending Levels”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
stillthinking says:
Property speculation is a derivative bet on future availability of mortgage funding. So all the UK negative equity folk are unsuccessful derivatives traders.