Prices dip over the festive period
Average sale prices of property in the UK are set to fall over the festive period, the market has been fragile with few sales, a buyers market. With sales set for the usual fall over the period, and many buy to let sales already complete prices are expected to fall. Dont panic! Prices are expected to rise in early 2010.
Many are blaming the fall on a too fast recovery which was unsustainable, a slower recovery is predicted which will be more robust (to use a New Labour word) leading to increased comsumer and property owner confidence. Whatever happens it looks like Gordon Browns great escape wont materialise!
People will still move home if they think that they will profit from it, no matter what is happening with the job market or finance, bringing value back to the market is the way to raise the number of sales which will bring prices up. The tiny number of sales we are seeing means that small reverses are always on the cards. Just dont by the papers of the festive period….