Time for a double dip?

A double dip is looking more and more likely, so landlords might need to think twice...

A double dip is looking more and more likely, so landlords might need to think twice before dipping their fingers back in the property market.

Mervyn King has warned of further property price falls as quantative easing starts to hit the pound.

Recent results from the property market from the HM Revenue & Customs data showed the number of houses bought and sold in January fell to the lowest levels since February 2009.

Alongside this the Nationwide BS property price data showed its first fall in 10 months.

As QE comes to an end next year, mortgage finance could become more restrictive and as whichever Government if forced to cut public spending to start to pay it all back we will find that unemployment will rise and a double dip recession will result.

This double dip won't just make your mouth tingle.

Read more on in the Independent

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