As we creep into 2010 the numbers this month make fascinating reading;-
Asking prices recorded by the biggest property web site Rightmove.co.uk are a whopping 25% above where they started 2008, the year that sold prices peaked according the the Land Registry.
Whilst they are up 9% on last year, the Land Registry still think that sold prices in London have not yet fully recovered being 4% below where they were in February 2008.
Supply of new homes into the market across the country is up on last years woeful trickle but the number of homes selling remains around 35% below the peak of the market.
Sales of the most expensive property in London is fast catching up with 'the good old days' of 2008 and has more than doubled in the last 12 months.
A General Election, two if not three budgets and continued concerns about the wider economy will bring uncertainty as the year progresses but there are some extraordinary sales happening right now with queues of potential buyers and instances of sealed bids for the best.
With such uncertainty ahead will this frenzy last more than another month?
Asking prices recorded by the biggest property web site Rightmove.co.uk are a whopping 25% above where they started 2008, the year that sold prices peaked according the the Land Registry.
Whilst they are up 9% on last year, the Land Registry still think that sold prices in London have not yet fully recovered being 4% below where they were in February 2008.
Supply of new homes into the market across the country is up on last years woeful trickle but the number of homes selling remains around 35% below the peak of the market.
Sales of the most expensive property in London is fast catching up with 'the good old days' of 2008 and has more than doubled in the last 12 months.
A General Election, two if not three budgets and continued concerns about the wider economy will bring uncertainty as the year progresses but there are some extraordinary sales happening right now with queues of potential buyers and instances of sealed bids for the best.
With such uncertainty ahead will this frenzy last more than another month?
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