I wouldn't bet on it.
The Council of Mortgage Lenders wouldn't tell you their product (mortgages) is set to be in less demand in future years, unless they really did think it was undeniably the case and they will later look remiss if they don't admit it now. But they did just that today.
Less mortgage lending = less demand for property.
Less demand for property = lower prices for property.
Wednesday, 3 March 2010
Think this indicates higher house prices in coming years?
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