Anyone reading the business pages could be forgiven for feeling as though we are all drowning in an alphabet soup of economic jargon. For every analyst predicting the UK’s recovery will be W-shaped – meaning the current signs of an upturn are a false dawn and further drops are likely – yet more are equally convinced growth will be anything from V, L or U shaped.
“If the actual human cost of the downturn was not so serious for at least some people there would almost be something amusing about the current debate,” says Rozanne Edwards, of the national estate agency Strutt & Parker.
Rozanne, who is based in the St Albans office, says so many differing opinions at least prove something: none of us has a crystal ball.
Rozanne comments: “Even the banks failed to predict the scale of the recession so what hope do the rest of us have in planning for the future? Certainly all we, as estate agents, can do is operate in the market in which we find ourselves. And, currently that market is showing positive signs of growth.”
Turnover is up 21% compared with last year and the number of home owners inviting us to discuss selling their property is up 12% over the last month.
Rozanne adds: “All the signs point to the fact that confidence is returning and confidence is key to economic growth. And, even if as some people believe, a further dip in the economy is on the cards sometime next year, surely now is the best time to get your house on the market? Then, sellers will be in a stronger position when going on to buy another property.”
Rozanne Edwards, Strutt & Parker