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Article: Sluggish outlook for property.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- December 30, 2004
CopyrightCOPYRIGHT 2004 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The housing market will be slow but not at a standstill next year, as it seeks to shake off severely dented consumer confidence and increasing tax burdens, a leading analyst has predicted.Mark Chilton, chief executive of online broker Purely Mortgages, said he expected an overall increase in house price inflation of 3%, and the basic interest rate to end 2005 at 4.5%.
'Although economists tend to focus on affordability, which we all recognise is now becoming strained, the other factor affecting the UK ...