House prices due for a slow rise in 2010
The press of full of their usual predictions for the new year, where will house prices go in 2010? What will the economy do? I think we can all agree that the recovery will be a slow one now and will last for another year at the very least going certainly into 2011 maybe longer. The reliable elements of the press are predicting that while we wont see house prices fall back in the hole they were in there wont be a magical recovery in 2010, slow rises and stead recovery is the order of the day.
With mortgage holders around £200 better off on average with the low mortgage rate we could be forgiven for staying there they were, government plans to chance tax legislation are targeted for next year and no matter what happens we may see as boost to the sale numbers before that comes in. Could be all the market needs is a little shove in the right direction…
But dont expect much change in 2010, number of sales is still at a record number and sale prices rising slowly but steadily.