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Urges and low rates

PUBLISHED: 00:15 24 March 2010 | UPDATED: 16:56 20 February 2013

SCARCITY of supply along with the urge to move and low interest rates <br/><br/>will fuel the market in the spring, says Mark Rimell at Strutt & Parker's St Albans office, although he fears some of the steam will be lost in the run-up to the election

SCARCITY of supply along with the urge to move and low interest rates will fuel the market in the spring, says Mark Rimell at Strutt & Parkers St Albans office, although he fears some of the steam will be lost in the run-up to the election. He urges those unsure whether to jump in now or later not to dither.


On the whole, though, he is pretty confident the house market will take the next few months in its stride and wont be knocked off course.


He concedes, While the election is likely to cause some nervousness and austere fiscal measures will inevitably be imposed by whichever party is elected, this more often than not is outweighed by the post election hype of a new government.


At the higher end of the country house market, modest tax rises and public spending cuts are unlikely to affect those buyers that have capital invested in their homes. For this sector, life goes on, children grow up and people downsize, families need bigger houses, people move to be closer to schools, people retire. Demand will therefore still very much be there.

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