Friday, April 30, 2010
Mad, bad and dangerous to buy
It isn't so very difficult to fathom what is happening in the housing market, perverse as it may strike one. It is a matter, as the estate agents have been telling us for the past few months, of a "shortage of supply". It is this magic factor that apparently kept prices up during the second half of last year â€“ probably with a little help from the Bank of England's ultra-low interest rates and a Â£200bn cash injection into the economy â€“ and the trickle of buyers coming on to the market since January may soften prices over the coming months.