Did you hear the news? Browns lot are going to cut spending on housing and although it may be a necessary evil to cut costs, the housing market is one area that sorely needs cash. The hardest hit part of the market will be the schemes that are currently ongoing to try and get the market off it’s knees, these are likely to have their budget cut and few more will be started.
For those with a house to sell, it could mean good news, with the number of properties available staying low and mortgages increasing you could avoid a repossession order by getting a fairly quick sale. But in the longer term, it could mean sharp rises in house prices to the unsustainable highs of the last 10 years.
