Damaging legacy of 90s to affect property for decade

House price growth threatens to be limited for the next 10 years because of the damaging legacy of the 90s, research by Savills for The Daily Telegraph shows.

It said the last decade led to a polarisation of rich and poor, as well as a dramatic shift in house building from detached houses to flats.

These factors risk being exacerbated by a "relative sobriety" in mortgage lending as banks recover from the financial crisis and the mortgage market faces stricter regulation, such as the abolition of self-certified mortgages.
Click here to read full report in the Telegraph

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