Though the Mortgage Lenders had approved 35,000 home loans in February for house purchase unpredictable situation makes people standstill. Comparing to January, it is an increase of 12% but the hit of stamp duty holiday after The Winter had turned the market off.

Economists in the country have an impression that there will not be much progressive development in the housing market during the year 2010.

Selling of homes by people had increased rapidly and report says that last month figured highest sales for nearly three years.  That makes excess of stocks in the market since the buyers are awaiting a tax or stamp duty relief after election.

Reports say that not only the political and economical crisis in the country but also the tight supply of credit had created the present situation. Consequently much change is not expected in near future. Property in fitzrovia

RICS spokesman remarked that many vendors who were willing to sit on the sidelines had come forward to display their properties to the market with positive thoughts.property in clerkenwell

He also mentioned that stocks increasing and sales decreasing may see some modest price falls in some regions of the country.