July 2010

The snow, the Election, the Budget………. there are no more excuses for delaying the sale or purchase of a property but by all accounts there is very little evidence of any more activity in the market place.  The Country is feeling the financial squeeze and mortgage lenders are proving very difficult to please, with many deals going off prematurely.  Houses are coming back onto the market and price reductions are becoming more prevalent once again.

The confusing and complex state of the market has never been more apparent, two recent independent property reports on house price movement showed entirely contrasting trends.  This suggests that the truth probably lies somewhere in between, indicating a static and difficult market  for all involved.  Properties must be attractively priced to sell and even the slightest flaw can put a buyer off.  Purchasers have become more discerning in their demands and are reluctant to reach out of their financial comfort zone in the wake of the struggling economy which disappointingly shows no sign of recovering in the near future.