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Is the UK housing market starting to stabilise?

A report by the Royal Institution of Chartered Surveyors has given further hope to homeowners across the UK with a suggestion that the gap between advertised asking prices and actual selling prices has reduced over recent weeks. This would indicate that value is returning to the UK housing market and buyer are more willing to pay nearer the asking price than at any time in the recent past. So have we now turned the corner?

While reports have been mixed to say the least with regards to the UK economy and the UK property market there is no doubt that some form of confidence is returning. However, overall confidence in the strength of the UK economic recovery is still very fragile and it would not take much to knock the economy off course in the short to medium term. We are now in a situation where the potential recovery needs to be stage-managed by the UK government and the UK authorities as much as possible in order to give confidence to the UK public and UK business arena.

The housing market will be one of the major leaders in the eventual recovery of the UK economy as it impacts on so many people and so many businesses around the country.

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