It was more doom and gloom from the Royal Institute of Chartered
Surveyors this week with news that house prices had continued to
fall. The number of surveyors reports a descrease in prices was
76%, up from 74% in the previous month. However, the same surveyors
also noted that the numbers of buyers had increase by 16%. I first
read
this story with a feeling of trepidation as this inevitably
means more bad news for the property market, but it later made me
think that if things were that bad no-one would be buying at
all!
January in particular has been reported to be a very positive
month for property, especially in London of all places. This
increased buying could actually stimulate the market and generate a
recovery. I read an article here
that supported this and even showed that First Time Buyers actually
increased in the beginning of 2009. If the property was actually in
such a state, then the first time buyers would definitely be the
ones who would not be in the mood to buy property. However, seen as
this cannot get any lower and we have maybe reached the bottom of
this recession, the road to recovery is definitely on the horizon
and this might be encouraging people to take advantage of the
current market.
This isn't the sign that we are definitely on the road to
recovery as we need to make finance easier to obtain. This does
mean that some things could be made easier for some people and the
thought of selling your house doesn't have to be locked to current
state of the market. If you're looking for a house for
sale uk, buy now and contribute towards the recovery.