27 Apr

Property market 'to remain stable'

Property market 'to remain stable'

The property market in the UK will remain stable in the coming weeks, it has been claimed.

According to a spokeswoman for the Council of Mortgage Lenders, no significant movement will be seen until after next month.

She said that people are likely to wait before they purchase a home until after the general election, which is due to take place on May 6th.

The representative added: "We are not expecting too much movement on transactions or prices, etc."

However, "there'll be a few ups and downs as we go along", she went on to predict, saying such activity is to be expected.

Her comments follow the release of research conducted by Hometrack, which revealed that house prices increased by 0.2 per cent in April.

It also found that the supply of homes on the market is currently outstripping demand, meaning those seeking to get a new dwelling may be able to pick up a good deal.

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