Many people are now feeling much more positive, the raft of ?bad news?, seem at minimum to have subsided. With the dawn of a new decade people look to the future with renewed optimism, and in many ways they have good reason to. Many people are starting to realise that ?things just aren?t as bad as they thought?, and in a market very much driven by sentiment many commentators have simple under estimated the ?stiff upper lip?, of the great British public.
The truth is that interest rates remain low and look to do so for the new future, according to the Nationwide figures house prices rose nearly 6% in 2009, the flood of repossessions to the market just did not happen, and mortgage lending has doubled since it lowest point.
So it looks like 2010 will be a sensibly level market for UK house prices allowing many people to get on with their plans to move or invest. The British association of Bankers, the home builders, developers, and construction industry may not be where they would ideally like to be, but they all agree times are much improved.
It looks like the UK property sector has got up dusted it?s self down and is ready to quietly get on with the property business.
A new year, a new decade, and new optimism for 2010.
January 1, 2010
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