The following article is great news for those in property related industries. http://www.bbc.co.uk/news/business-22151433 I hope the long deep recession will mean that there are a number of people in their late 20s and 30s looking to buy their first home. This is a positive indicator for property prices over the next year or so. As an IFA in London who is also a qualified mortgage broker in London I wish to say again that home ownership is not for everyone and that all of the costs and commitments need to be calculated and if necessary the purchase of your first home needs to be postponed until it is affordable and a prudent course of action.
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