4
Feb
The Truth About Climate Change
The question of climate change is one of the great issues of our
time. Will the climate warm up or, as some would prefer to argue,
will it become cooler?
Well, the evidence across the UK is that the climate in the
property market is improving. A warm current of opportunity is
pushing away the poor conditions caused by the recession. But lack
of property for sale brings with it an area of high pressure that
inevitably reinflates prices when so many forecasters suggest the
opposite should be the case.
But facts are facts and forecasts are only forecasts. Certainly
so little stock, combined with buyers anxious to take advantage of
low interest rates, has made for a strong wind of change. This
market of low supply and high demand is frustrating for buyers but
it is ideal for sellers. After a torrid few years, where buyers
have had the upper hand – albeit with the other tied behind
their backs through low mortgage availability – the pendulum
appears to have swung back in the sellers’ favour.
There is little doubt that this is an excellent time to sell
property. Now is certainly a far better moment to move than waiting
for a time when more property enters the market. Then the pressure
on buyers will be lower and competition to sell will be greatly
increased. Some forecasters predict that this could be when the
market slips back again. But all the signs show that the market is
more robust than any of us dared hope and thus should slowly
continue to improve, despite economic and political after-shocks
following the credit crunch.
So those considering when to go to the market this year should
bear one thing in mind - that in warmer climes it’s best to
be first in the queue for the sun-loungers!