Already into 2010, there has been a significant increase in the activity within the property market, economists say that there has been an overall increase in property prices in recent months which was slightly thwarted by the snowy weather. Numerous vendors keen to move this year are placing their properties on the market as duly noted that the demand has outstripped supply.
Interest rates ranging from under 2% entice buyers and investors alike to purchase property, particularly those whose money is kept in Savings Accounts that are yielding a very poor rate of return and is better placed and bricks and mortar.
It would be a prudent move to purchase property now as the scarcity of properties available are shifting prices northward.
Barry Lee, Senior Manager, Taylors Letchworth