Housing market predicted to revive in 2013 with more than 1m to move home

The housing market will finally return to life this year with more than a million people expected to move home – the highest number since the financial crisis struck.

The Ernst & Young Item Club, which uses the Treasury’s economic models, predicted that housing transactions this year will rise by 7.5% to 1m. In its spring forecast the respected economic forecaster said the chancellor’s plan to use £12bn of taxpayer funds to underwrite up to £130bn of mortgages will push home moves up a further 7.8% next year to 1.08m.

Read More: http://www.guardian.co.uk/business/2013/apr/15/housing-market-revive-2013

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