Tuesday 18 January 2011

Positive news?

I am by nature a positive person - I must be otherwise I wouldn't be self employed!

I was reading the news this morning and found this titbit :-

"Looking forward, 29 percent more surveyors thought prices would fall in the next three months than rise, down from 41 percent in November.
Heavy snowfall in December kept transaction volumes subdued but surveyors were hopeful turnover would pick up in the spring. Eight percent more surveyors expected sales to increase over the coming three months than decrease, up from six percent in November.
"Surveyor sentiment does appear more positive for the coming months," said RICS spokesman Jeremy Leaf."

Now that to me is fantastic - surveyors are feeling more positive and thinking that the turnover will pick up in the spring. January has always been a quiet time but if we see increases in Feb, March and April the optimisim and movement within the market will encourage more vendors to put their properties on the market and hopefully work can pick up for everyone.

But the most negative part of it is summed up nicely with this comment :-

"The key issue now is mortgage finance. However, with commentators suggesting lending constraints are unlikely to be eased, it is hard to envisage a meaningful increase in sales levels in the near term."

We desperately need lending constraints to be eased up to start the market flowing again.
Its alot of ifs but and hopefullys but what have you got if you haven't got hope!

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