Introducer Today, 1st November 2013

 

 

Bidding wars and gazumping are spreading out of London and across the UK.

Alexander Gosling, director of online estate agents Housesimple.co.uk comments: "The house price revival continues apace. But how long is this going to last? And perhaps more importantly, how long should it last?


"Falling unemployment and an improving economy are making consumers more confident, while once-in-a-lifetime conditions in the mortgage market are enabling them to buy.


"But with wage growth negligible, if not negative, the way average prices are rising in some areas of the UK is bordering on the absurd. Affordability, in many areas of the UK, is already ebbing away.


"UK consumers are gambling on an economic recovery that is by no means in the bag and a property market that is being artificially propped up."

See the online version here

http://www.introducertoday.co.uk/news_features/bidding-wars-and-gazumping-spread-across-uk-in-22absurd22-housing-market

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