The Council of Mortgage Lenders (CML) released its 2011 predictions for the U.K. mortgage market. It expects the U.K. to avoid a double-dip recession.

The group said that the recent weakness shown in U.K. house prices will persist for some months. However, it “does not foresee any sharp fall in prices, or large numbers of buyers holding off in the hope of getting a better price in the future.”

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.