Thursday, February 21, 2008
Balanced view of UK property market
Hysterical media claims of a looming recession tend to tar the entire UK property market with the same brush. An economic low, yes, but different regions have seen contrasting fortunes that cannot be lumped together, argues Richard Sexton of e.surv. Those with a need to understand their particular area of the market appreciate that it is highly granular, with significant variety across small geographical distances. Those who doubt this should consider that valuers and agents operate in areas which can be less than three square miles. This is the level at which predictions become useful.