Research released by Hometrack has revealed that house prices have fallen for the first time in two years.
The London property market is back on track after a rocky period and long term prosperity is forecast.
It is possible that a cut in interest rates could occur as early as next month.
The idea still persists that the buy-to-let investor is the sole reason for first time buyer problems.
The Intermediary Mortgage Lenders Association believes the UK mortgage market to be fundamentally sound.
Property prices rose by 2.7% during September counteracting August’s fall.
The government has confirmed that it will provide the investment to complete the London Crossrail link.
Hopes that the Bank of England might cut interest rates in October seems unlikely.
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