It is worth considering exactly who the buyers are that are currently stimulating the property market. From my agency sources across the UK, this is predominantly cash buyers and those re-entering the market, with large deposits to attract still reluctant lenders. The key to the the property market recovery is first time buyers, seemingly willing but not yet flavour of the month with lenders and without the 'knock on' effect they initiate, there is still some way to go in terms of a general recovery.
There is also the belief amongst property professionals and bankers alike that once the current property supply and buyers have been exhausted, a further blip downwards will occur.
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