By Steve Roulstone
It would seem that nobody can agree on how the property market is going to perform this year, with the same news being reported at both ends of the scale in news that has been released today. It just makes decisions so much harder for the ‘man in the street’ who appears once again to have started to look with interest at property as a favourable route for investment.
The only way is up!
It was said on a BBC news report recently (sorry I forget the context) that the property market should be interesting for potential investors, as the only way was up! But it seems that different parties are still prepared to place the slant that is more relevant to them when market information is released, with the Mortgage Provider giving a positive slant to the news and a community site taking the same information and presenting it in a negative light!
Professional view.
But what we are noticing is confirmation that people are reviewing property and making that decision about investing through ‘Buy to Let’ once again. Only today I have been to value two brand new properties that are nearing completion and the builder has decided that it is in his best interest to retain and rent the properties rather than sell them now, because of the perceived growth over the next few years. This was not a decision I had to encourage, it was a decision that had already been made before I even met the Landlord. What it does prove, is that professionals feel that the market has probably bottomed out or is very close to doing so.
Individual investment.
The same then happened when I returned to the office to find a couple that had dropped in for advise (I am very pleased to say because of recommendation!) who again, had already decided to ‘Buy to Let’ and were looking for information about where to buy as well as what type of house. It was good to see such confidence from both parties, who represented both the general public and the housing industry, both in just one day.
Differing responses.
Now I know as well as anybody, that one swallow does not make an English summer! But it would be good to see figures such as those reported today given in just the plain context of what they say, rather than opinion of what they represent when translation of information can mean different things to different bodies, but it does seem that gone are the days when news was reported and we were all allowed to come to our own conclusion about what that news meant to ourselves!
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