The State of the Property Market

As the credit crunch continues to bite the residential market is now enormously reduced with the number of transactions enacted each month seemingly continuing to fall. Initially down to the banking crisis and the lack of mortgage funds (or at least affordable mortgage funds), the cycle has moved forward and there is a genuine reluctance on the part of potential buyers to go through the travails of both selling and purchasing if they already own a home, and of quite probably having to find enormous deposits if they are first time buyers.
Read full article