Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Property crash continues – UK mortgage approvals lowest ever › Reply To: Property crash continues – UK mortgage approvals lowest ever
The present problem with the market is the lack of funding / finance not a lack of demand for property (from buyers or renters). For those not intending on selling (like me, and probaby many others) the current climate is positive as opportunities to acquire more stock present themselves. Remember its not all about short term gains!
Yes, Spot on. And when the money returns, which it will do, the pent-up demand might have quite a surprising outcome with prices bouncing back. The big question is ‘How long is this crunch going to last?’