Following the credit crunch, confidence in the housing market is low. Stephenson Harwood’s Natalie Elphicke outlines the chances of recovery and explains how first-time buyers can expect to get a foot on the property ladder
The economic turbulence of the last three years has created challenges for the housing market; namely, securing financing, which is in turn putting pressure on home ownership. These problems look set to continue as the market faces challenges in relation to mortgage approvals, new housing developments and the creation of social housing schemes.
