Miss G London
When Nigel left the project we felt a bit lost actually.
Justin Ryan and Colin McAllister on the BBC’s ‘The Million Pound Property Experiment’.
News and views about the property market
Check in here regularly for updates and our view of how the property market is changing
Predictions for the property market
9th July 2010 - 11:31
Today sees another raft of statistics showing that the housing market is still weak. Average property prices dropped 0.6% in June, 17% below the peak of August 2007. The abolition of the HIP has encouraged more owners to put their property on the market, increasing supply and so dampening price levels. Also fears that the UK is still in the grip of recession, with further cuts in public spending and a rise in VAT to cut in, will have an impact. So is there any glimpse of hope for home owners?
Interest rates have been held at 0.5% which is a plus for tracker mortgage payers. Whilst interest rates are low and before the VAT rise in January, now is the optimum time to spend your cash improving your property. You will be adding value and ensure that when the market does turn, you will be ready to sell at short notice. As always, our advice is to plan your improvement works carefully. If you are not sure what you should be doing, call us for a consultation - we could save you thousands!
