What's the latest?
Commentary by property editor Simon Lambert
The December Rics report provided further evidence that the property market is headed for another freeze.
A lack of confidence has combined with continuing low interest rates to create a wait-and-see stand-off. Buyers are understandably cautious about paying over the odds, while sellers still don't want to accept they must lower their expectations and are not forced to do so, as mortgage rates are low.
Clive Rutland, Rutland Chartered Surveyors, Southampton, Hampshire, seems to sum up the mood perfectly.
'The public spending cuts, the budget and the weather have all combined to provide ideal circumstances for potential buyers, and sellers, to do nothing,' he says.
'People are sat upon their hands waiting for some better news or certainty.'
Read more: http://www.thisismoney.co.uk/property-prices#ixzz1BlIJ8WJE
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