The generational divide in the UK property market is likely to cause housing stagnation in 2012, with young people unable to buy and older homeowners unwilling to sell, according to a new survey by mortgage lender HSBC.
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The cost of moving house in the UK has risen at a faster rate than house prices over the past decade, according to new research by Lloyds TSB.
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There are relatively upbeat tones about the property market for 2012, according to new research from Santander Mortgages which reveals that 8 per cent of Britons (3.7 million) believe they are likely to successfully purchase a new home in 2012.
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The British Property Federation has criticised government for scrapping proposed new legislation that would have tightened the rules on so-called pre-pack administrations.
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