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Is Confidence Returning To The Housing Market?

April 10th 2013
By: Acquarone
Is Confidence Returning To The Housing Market?
Mark Bygott, Director at Intercountyhas been involved in selling property for over 30 years and has seen the market rise and fall over several phases. The most recent recession has, in his opinion been the longest lasting, certainly dragging on more than the dip in the late 1980's/early 1990's. As the economy slowly gets back on it's feet, he see's evidence that things are beginning to improve.   ' Enquiry levels and viewings are markedly up on the corresponding time in 2012 and this is translating to more sales and there have been occasions where we have received multiple offers.'    Many 'clever fools' have predicated false dawns on the road to recovery and whilst Mark is cautious, he thinks we may be entering a phase that is more than just the seasonal spike in transactions.  Hometrack has said that house prices saw a national uplift for the first time in nine months in February. Prices increased by 0.1% month-on-month across England and Wales, marking the first upturn since May last year, with 15% of postcodes recording rises. However, almost three-quarters of the local areas showing increases were in London and the South East, Hometrack said. Wales was the only other area to record a monthly increase, at 0.1%.  As the daffodils brighten up our gardens and roadsides there may be cause for optimism that pent up demand and improved lending are breathing life into the UK Housing Market that has for so long been in the doldrums. Only time will tell if Mark is right in his prediction but it is nice to see an agent with a smile on his face!