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House prices on the up

Following on from the news yesterday that mortgage approvals are 20% up, according to this article in the Times , house prices have risen for the first time since 2007! Could this mean we’re on our way to recovery from the financial crisis?

It certainly looks hopeful, but I I still thinks there’s a long way to go just yet.

Read the article.

4 Responses Subscribe to comments


  1. Steve

    Why would anybody read a blog by an estate agency for advice on the likely direction of the market?

    Apr 06, 2009 @ 2:13 pm


  2. Naomi Buffery

    Thanks for your comments Steve…I hope this helps in explaining our purpose for writing this blog.

    We do have first hand knowledge of how the market is currently going, very often before the media do. We know if offers are up or down, how many sales we’re making compared to previous months and if we’re instructing on more or less properties. In that respect we can offer you advice from our perspective.

    We’re not about just giving you all the great news though. If there is some bad news we’ll let you know too. It just so happens things are looking up a little bit now, but who knows what could happen in the next few days/weeks/months.

    Why not come back again and check out the blog, let us change your mind…and hey what’s wrong with being a tiny weeny bit optimistic now and again?

    Apr 06, 2009 @ 2:42 pm


  3. Brian W

    … and will we see a similar review by an Estate Agent of the Halifax’s findings a day later that contradicated Nationwide’s stats? (House prices fell last month by 1.9% - in London by 5.2% over the last quarter.

    The quicker that house sales prices bottom out the better for all concerned. Let’s hope that the market resets quickly and a sustainable market recommences.

    Apr 06, 2009 @ 4:16 pm


  4. Naomi Buffery

    And who do we believe? Which newspaper article is correct? It’s a mine field out there!

    Apr 06, 2009 @ 4:37 pm

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