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Midland predict spring recovery in housing market


Midland Bank is predicting a spring recovery for the housing market.


The bank&#39s &#39Housing barometer&#39 shows that a lack of consumer confidence has kept the market in the doldrums for the last year, despite interest rates reaching a 35-year low.


The barometer uses a combination of price, turnover and borrowing indicators to provide a measure of pressure within the market. It indicates the key factor affecting the market over the last year has been job insecurity.


Although employment insecurity is set to continue, Midland believes the market will be stimulated by increased demand for quality housing.

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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