Could the UK housing market undo Gordon Brown's political recovery?
Over the last few days there have been signs that the UK property market is softening and indeed many experts believe it is on the verge of falling back. A reduction in mortgage funding, fewer buyers and signs that prices are starting to soften could literally turn the market on a sixpence over the next few weeks. This would be a nightmare scenario for Gordon Brown who is currently enjoying a surge in the polls as we approach the next election.
It is possible that the UK housing market, central to the lives of millions of people in the UK, could actually be the undoing of Gordon Brown's political recovery which has gone better than many had expected over the last few weeks. The problem is that if the market is stalling there is very little which can be done between now and election to increase liquidity and increase the good news from the sector.
Experts are starting to comment upon the lack of focus from the main political parties on the UK mortgage market although if it continues to weaken there is no doubt that the Conservative party will attempt to make political gain using possible scare tactics about the future direction of the UK property prices. Let the battle commence!
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