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Friday, May 29, 2009

As I Predicted Summertime Bounce in Property Prices


I was only saying the other day that I predict a summertime bounce for property prices and look whats happened.

Yes, a bounce in property prices.

This 'unexpected rise' ( well not by me - I have to say, it's all in the tea leaves ) has seen prices rise by 1.2 per cent, in its strongest monthly gain for 19 months, according to figures from the Nationwide Building Society.

I predict a couple more slight price rises over the coming months as we see more determination by buyers to buy, and with restricted supply of those Ive described as the 'damned' and 'desperate' around to sell.

However, I wouldn't necessarily start celebrating a return to boom, I would predict further falls following the summer bounce through Winter 2009 and Spring 2010.

But for now - it's SUMMERTIME!

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