Friday, 2 October 2009

House prices recover - but for how long?

That's the thing about uncertainty - it means that you can't predict what's going to happen next. It's, well, uncertain.
House prices have always been a pretty good indicator of economic good health but is this return to 2008 levels a false dawn or a real sign that 'things' are back on track. Not that 2008 levels were that great anyway.
Is this the seasonal rise/recovery due to the fact that people have to move - new job, equity release, down/upshifting - or something bigger.
Only time will tell.
But people I know who want to buy are struggling to find much on the market and that's not a sign of confidence returning.

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