Market Comment - First quarter 2010

The residential property market has recovered from its slow start to the year:  snow and cold have always put purchasers off!  Nationwide and Halifax both reported small falls in prices for February and the market was very slow.  Most agents are now reporting more buyers than sellers with prices creeping up as a result.  Tying up the chain and getting the sale to completion can still be difficult however as finance is still restricted.  Uncertainties in the news including possible pressure on interest rates and the potential for a change in government are also complications for buyers and sellers.

Written by Michael Hornsby
Date Published: 01.03.10