Property prices rise by 8% during 2009
There are some really promising signs of sustained ‘growth’ in the UK property market with the smart money now being on a relative recovery during 2009, figures from the Halifax show that there has been an 8% rise in property values since February and a 3.3% rise in the last 3 months alone.
This is based on a total fall of around 20% since the problems started in 2008. Just to crash this party, many analysts are predicting a fall after the rise. But this could be explained by the busy summer period being over. With more money in the finance industry, more consumer confidence and hopefully a few lessons being learned in the industry!
There is certainly a bit of a feel good factor coming back to property sales, property related services and even unrelated financial services.