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16/02/09 - Good News

Something good happened on Monday. It was really unusual, but we could see it coming. What was it you ask?

Answer…our telephone system lit up like a Christmas tree. All six lines had incoming calls for a large percentage of the morning and this trend has continued each day.
 
Why has this happened? Several factors have started to impact on the property market. 
  1. Low interest rates. It is now cheaper to borrow money than for several decades. The man on the street may feel that mortgages are still hard to come by but I understand that two major building societies are about to launch 90% mortgages so watch this space. 
  2. There has been a realignment of prices and many houses are now good value for money. Add to this that the gap between smaller and bigger houses has closed, this is a great time to buy. 
  3. There is a pent up demand with many people over the last 6 months sitting and waiting to see what will happen now can see the attraction, availability and affordability of some lovely homes. 
  4. Investors are returning to the market. Last week 3 came to see me expressing their belief in the market now having levelled off.
  5. The first indication that there has been a slight increase in prices also indicating a bottoming out of prices. 
Now I don't know if this is happening in Rotherham or Stoke on Trent but I can say without doubt that Derby is certainly looking brighter. So if you are considering moving give me a call.

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