April 2010

The property market remains difficult and whilst there is activity it is rather subdued and the spectre of the Election looms over the country.  There is a general lack of good quality stock and many frustrated buyers, but those buyers are also more discerning than before and selective in their choice of home.

Job insecurity and the unavailability of mortgages continue to suppress any sustainable recovery and despite the stamp duty holiday for first time buyers up to £250,000, gathering a deposit together remains out of reach for many.

The traditional spring market look set to be delayed until after May 6th, but there is still the possibility of a “double dip”, so don’t expect prices to go up any time soon.