Chal­leng­ing times ahead for mar­ket

Yorkshire Post - Property - - PROPERTY -

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.”

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