Happy New Year to everyone and what an eventful twelve months lies ahead with a general election and world cup both in 2010. One event will surely dominate the thoughts of the population due to its massive importance on the future health and morale of the country whilst, on the other hand, the election is happening some time, I think, in the Spring.
I have read all the experts forecasts for the housing market in 2010 but you may be better off asking Vinnie Jones for his opinion as ‘the experts’ on average predicted a 10% decrease in house prices in 2009 when , in fact, they went up 4.9% ( according to the Nationwide). Throughout the noughties prices increased a staggering 117% and we are only 12.2% below the peak in October 2007.Quite a turnaround.
The rally in the second half of 2009 was unexpected and a complete surprise driven by a chronic shortage of supply of houses and pent up demand. With at least 20 years experience I am confident of my own prediction for 2010, we will be knocked out in the quarter finals!
2010 also sees the 75th anniversary of Aitchisons Estate Agents. To help us reach 76 please contact me to sell your home this year.
Nick Doyle, Aitchisons, St Albans