CITY VIEWS: IS THE WORST NOW OVER FOR THE BRITISH HOUSING MARKET?
DAVID THOMSON CHARTERED INSURANCE INSTITUTE
“Small shifts in mortgage and house price data is just a blip. The housing market won’t return in terms of volume for several months. Consumers need to feel that there’s an upturn, and buyers need to know they can return to the market with confidence.”
GRAHAM RIVERS WIN PLC
“Easter always brings an up-tick in house sales, but the data we’re seeing at the moment isn’t indicative of a recovery. The employment market will have to improve massively before people have the confidence to buy. Pricing is just rubbing along the bottom.”
GERARD AMURA COMMERZBANK
“All data is historical and doesn’t reflect what’s going on at the present time. I do think we’ve got further to go until the housing market recovers, and I’m certainly not looking at moving at the moment. But the industry is cyclical, we will see an improvement.”