Year Review 2011
First off Happy Christmas hope you had a good time yesterday! 2011 is almost over and I think its fair to say its one we will remember, not always for the good stuff! Prices have fallen or just stalled and all the optimism of this time last year is just a distant memory, manny were predicting some sort of recovery by the summer rather than a deepening crisis which has been increased by the Eurozone, strikes, cuts, riots and some more bad weather. Many sectors of the country have falled back to 2007 prices while the cost of living is still rising.
Have the BOE and government got it right? Is it just just a global problem we have to do our best with? The mortgage base rate is still 0.5% which has put a different spin on things for anyone with a mortgage and recent comments made by the Bank Of England dont point to any change anytime soon. More money for small businesses is promised, but we will need to see how that ends up.
Well it looks like everything rolls over into 2012, all our expectations and hopes. As I said this time last year many are predicting a recovery and rising prices by the summer with confidence returning, the number of sales has been rising all year and in certain areas has been gradually rising, people are no longer holding out for the good times, few new houses are being built. Its fair to say that it will need something outside the market to spark a rise in prices across the board.
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