'I'm a property expert - I predict 5 things will happen in the housing market before Easter'
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We’re more than halfway through the first month of the year, but what do the following months have in store? Property expert Jonathan Rolande shares his analysis
Right now the Government is discovering what it’s like to have a variable rate mortgage. The cost of their borrowing recently hit a 16-year high, which, given their usual appetite for borrowed money, must hurt.
If ever we needed a sudden burst of economic growth, it’s now. Without it, we could be staring down the barrel of service cuts or, worse, another round of tax hikes.
It’s a volatile time. The markets have been lurching, investors are nervous, and the value of many investments has taken a sharp nosedive.
Yet, oddly, property has remained almost impervious to the wild swings of the currency and equity markets. It hasn’t experienced the dramatic gains or sudden plummets that were widely predicted.
Now is a volatile time for the property market, according to an expert
GETTYSales volumes remain low, and that’s why prices are still stubbornly high. We’ve reached that strange moment as a nation, where it feels like we’re at an ‘all pain, no gain’ stage.
There have been painful cuts to services, employers are about to get hit with National Insurance hikes, and yet… there’s nothing to show for it.
So what can we expect from the market before Easter? There are five key things I believe we’ll see.
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