It’s difficult to imagine a bigger split on opinion. The last few days have seen a rush of new reports on the property market, and a glut of opinions ranging from woe to celebration.
At one extreme you have Paragon exclaiming how profitable buy-to-let investing is, and Halifax pooh-poohing fears that the recent rate of interest hikes will make mortgages unaffordable for some recent home buyers.
On the other hand, figures from the Land Registry suggest house price inflation has virtually ebbed away altogether, figures from the Royal Institution of Chartered Surveyors paint a very disturbing picture on repossessions, and even more telling, there are signs mortgage lenders are reacting to the recent crisis in credit markets by tightening mortgage lending criteria.
Which way will it go? Read on#133;
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