Despite a very mixed economic backdrop, the property market remained stable in 2012 in terms of both volumes and prices. The outlook for 2013 looks a little more promising in our view, particularly as the recently launched Funding for Lending Scheme seems to be having a significant and positive impact on the willingness of lenders to offer mortgages. First time buyers can once again borrow over 90% of the purchase price of a home and rates for this are below 4% for the first time since 2008. As we reported in a recent Newsletter, the US housing market activity is continuing to pick up, unemployment is falling and our economy is predicted to return to significant annual growth next year.
Hunters, you might say, has had a good recession - we now have over 100 branches across the UK (from 14 in 2008) and have new offices about to join the network in Harrow, Bingley and Hull. We believe that the most pro-active agents thrive in a tough market and are very grateful to our customers for their continued support this year and we look forward to being of service in 2013.