The property market is set for a sluggish recovery in 2010, it has been predicted.
Growth in the market will be slow in the months ahead, with gross
Director Robert Sinclair said: “The shortage of housing supply for sale and the continued low level of
He also argued that the market was “distorted” by the stamp duty holiday, which ended on December 31st, prompting a rush of transactions late in the year.
A slow market may stall price rises, which could help those seeking a
Such views were echoed by the Council of
As a result, buyer activity in January and February may be “particularly slow”, he added.