Snow often alters the way we think about things. Dealing with it and talking about it takes over all our lives for a few days or weeks every year or so. The news is dominated by snow associated stories. For instance there are reports that many people have been finding extra ways of keeping themselves warm indoors during this cold snap. But we can also report that there has been other indoor activity as well. We have seen more enquiries from house buyers over the past week than we have in any week over the past two years. This is good news for the property market and for the UK economy where so many allied interests depend on a healthy turnover of property in the residential sector.
Low interest rates are certainly a major factor in this increased activity. So too is an urge to move before the general election. Christmas and New Year do always act as a strong influence on families who frequently decide over the holiday period that they need somewhere to live that is bigger or smaller. Some even decide that they would prefer to live in two homes rather than one! With this and the fact that that lenders are slowly releasing their stranglehold on mortgage funds it seems all those who have decided to move will in fact be doing so at a very opportune time.
Despite worries about a double dip in the economy, the reality simply is that many people who have put off moving over the past few years - because of the recession - can really put it off no longer. Life doesn’t wait forever for the right GDP and balance of payments; for our schools and hospitals to improve, for the property market to boom or even the weather to get better. So perhaps the best thing is to get on with life and that move, and let it snow, let it snow, let it snow.