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Is the market actually picking up?

purchase

The question that dare not speak it’s name?!

My answer is I don’t know. What I do know however is that our new conveyancing instructions for January 2011 are 60% up on the same time last year. Yes you read that correctly a 60% increase. Now just before you look for the next property boom it’s important to bear in mind that last January we were hit by snow and freezing weather so the year on year comparison isn’t quite so clearcut. However when I compare it to 2009 levels we’re still almost 20% up.

What does that mean? The market is too fragile to make any meaningful sense of this – perhaps people are fed up with the media’s constant diet of bad news stories.  Perhaps the banks have finally started to loosen their stranglehold on lending – who knows. I’m just thankful for a good solid start to the new year. – long may it continue!

This is also backed up by a news story from rightmove who report that in January asking prices actually increased for the first time in several months

bye for now

Mark

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