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!
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