Douglas Roberts, senior international economist at Standard Life Investments, raises concerns that the anticipated recovery in UK property may be less solid than expected.
There seem to be stirrings in the UK housing market that suggest a strengthening recovery could be in the offing. Buying interest is on the up, helped by historically low mortgage interest rates, and the latest RICS report announced the strongest level of sales in over two-and-a-half years. Nevertheless, the ongoing fragility of the economy must raise doubts about just how robust a recovery to expect. The key trigger to the improvement has been the contribution of the Funding for Lending Scheme (FLS). It may have had little impact in getting credit flowing towards the corporate ...
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