Buyers back off as election jitters hit
News Category: Industry News
Published: 26-Apr-2010
Buyer uncertainty during the run-up to the election is hitting the housing market, Hometrack reported this morning.
It said that the supply of homes for sale is continuing to outstrip demand and that buyers are taking longer to commit. It also said that sluggish economic growth and rising unemployment has led to increased caution among buyers.
Prices in April rose just 0.2%, according to Hometrack, but prices rose in just 19% of the country. Almost half (44%) of London posted increases.
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