House Prices Set to Rise in 2008?
The hot topic at the moment seems to be the continued talk about the property markets and whether there will be a down turn in prices in 2008.
Depending what publications you read you will most likely see conflicting views. Many industry analysts are predicting significant decreases in the sales market, indicating decreases anywhere up to 10%. These predictions are mainly based on the last three months in 2007 being very quiet and the recent introduction of compulsory home information packs (HIPS) as of 14th December 2007.
Don’t worry too much though, as always there are conflicting views being put forward from many different “experts”. The more positive opinion out there is indicating that the markets could well see a rise again over 2008, drawing attention to the traditional quiet period of November through to the end of February and stating that this will lead to an up surge in new buyers, justifying predictions of a 5% rise in property prices over the year. As usual the analysts are predicting the impossible, it will remain to be seen which will be right but it will be interesting to find out.
Look out for more posts on the rental property markets as the months pass. It looks to be an interesting year with rental prices on the increase and as tenants increase new opportunities lie ahead.
SafeTrade, Local Registered, Approved and Recommended Builders, Plumbers, Electricians, Plasterers, Joiners, Painters and Decorators etc
Depending what publications you read you will most likely see conflicting views. Many industry analysts are predicting significant decreases in the sales market, indicating decreases anywhere up to 10%. These predictions are mainly based on the last three months in 2007 being very quiet and the recent introduction of compulsory home information packs (HIPS) as of 14th December 2007.
Don’t worry too much though, as always there are conflicting views being put forward from many different “experts”. The more positive opinion out there is indicating that the markets could well see a rise again over 2008, drawing attention to the traditional quiet period of November through to the end of February and stating that this will lead to an up surge in new buyers, justifying predictions of a 5% rise in property prices over the year. As usual the analysts are predicting the impossible, it will remain to be seen which will be right but it will be interesting to find out.
Look out for more posts on the rental property markets as the months pass. It looks to be an interesting year with rental prices on the increase and as tenants increase new opportunities lie ahead.
SafeTrade, Local Registered, Approved and Recommended Builders, Plumbers, Electricians, Plasterers, Joiners, Painters and Decorators etc