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Buyers back off as election jitters hit

26 April 2010
Written by rosalind renshaw

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.

Comments

  • icon

    You've obviously uncovered a new CML Initiative, Anna - the last one didn't put nearly enough people off buying a property... ;0)

    • 28 April 2010 16:13 PM
  • icon

    It wouldn't surprise me. A couple who were keen on a house were told by their financial adviser not to do anything for the next six months.

    • 28 April 2010 14:04 PM
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