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New Year Projection

17/01/2012

The good thing about the property market over the last two years is that at least the number of transactions is now levelling out, according to the land registry.

The good thing about the property market over the last two years is that at least the number of transactions is now levelling out, according to the land registry. Obviously falling transaction numbers will presage falling values, so my guess is that the market will hit rock bottom this year, within its usual three year cycle.  My sense is that there is pent up demand from buyers as right move confirm increased levels of activity over Christmas, lots of people are now looking.  The Euro Zone financial crisis will level out or at least find a temporary ledge on which to sit.  This will release credit and the markets will become active again.  The second half of the year is going to be busy, how llong it will last I cant say.  Most economists seem to agree that inflation is really the only solution, but that in itself is only a fix.  I am an optimist for this year therefore.