Climate change

Looking back to the beginning of this year there were some fairly dire predictions about the property market, a lot of people were expecting house prices to continue dropping as the economic impact of rising unemployment, selective lending by banks and the country’s frightening level of debt took hold.
In reality the reverse has been true.  Since the early part of 2009 house prices have actually risen (albeit by a small amount).  The reason:  the market in general has experienced low supply, very low mortgage rates and little competition from alternative investment options.  The banks’ deposit account interest is hardly worth bothering with; the stock market is too risky in the short term for most so where does one invest?  The old maxim “as safe as houses” may not ring as true as it once did, but the reality is it has proved to be so, even in the light of recent events.
It is a generally held view that the future improvement in market conditions will continue to be led from London and the South East, particularly from the higher price brackets.
Martin Bishop, Bryan Bishop and Partners

Martin Bishop, Bryan Bishop and Partners

Martin Bishop, Bryan Bishop and Partners

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