Challenging times ahead for market
YORK-BASED LSL, parent company of Reeds Rains and Your Move, has sounded a note of caution for property prospects in 2012. It says market conditions are challenging and uncertain.
An LSL report says: “The current housing market continues to be impacted by the continued shortage of available mortgage finance, the general economic uncertainty and the increasing pressure on household budgets and consumer confidence.
“Against this difficult backdrop, LSL will continue to focus on growing market share and profitability in estate agency, developing surveying services for private buyers and capitalising on the growth opportunities arising from the Marsh & Parsons acquisition.”