Category: Monthly Market Update

Ho Ho Ho, Welcome to the Christmas Property Market Update!

‘Tis the season to be jolly, tralalalala la la la la.  ‘Tis also the season to look back at the housing market in the year gone by and to make some predictions as to what might happen in the year to come.  That, admittedly, is less exciting and less traditional than being jolly.  But I’m an estate agent, not Santa, so it’s hopefully not entirely unexpected and I’ll do what I can to keep this Update more ‘It’s a Wonderful Life’ and less ‘Scrooged’.  Double dip recession and housing market crash…bah humbug to the idea!

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November’s Good News…Housing Market Stabilises!

After getting a healthy dose of pessimism thrust at you in my October property market update, I am delighted to report in October that the property market in Scotland appears to be a bit healthier.  That is not just my anecdotal experience but also based on fact.  Well, on statistics from Lloyds TBS actually.  One has to be very careful indeed with using the Halifax, Nationwide etc house prices indexes when making sweeping judgments about the housing market (only part of the market, some are based only on mortgage offers which then may be withdrawn, include remortgages etc etc) but the Press in general doesn’t seem to care much for such caution.  So, on the back of headlines in October like, “3.4% slide in Scots house prices is the worst in UK, say analysts” (Scotsman), this month we had the welcome headline of “Scottish Housing Market Stabilises” (Lloyds TSB Press Release, widely reported).

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October, October, why have thou forsaken me?

In August we were reporting the busiest month that we’ve ever had and I was questioning whether the old wisdom about spring and autumn being the best months in the property market really applied any more.  And then October happened…oh, October.

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What’s the Property Market Like at the Moment?  Summary: It’s a Charlotte Church Property Market

‘What?’, I hear you gasp, ‘I do hope that he’s not being mean to National Treasure and no.2 only to Cheryl Cole in the nation’s collective affections?’

No, of course I’m not being mean to her.  I think she’s a very talented lady.

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