It is still too early in the year for anybody to be throwing out any solid evidence for the future of the property market in 2016. However, the signs of buyers, slow trickling of property ‘for sale’ entering marketplaces, and the positivity from agents’ discussion over the last fortnight would suggest strong signs.
The issue we are facing is that the negative banter is still in the media, the buyers are hopeful of a continuation of the stagnation in the latter part of 2015 and the low consumer confidence flowing from the volatile stock market(s) may play a role in growth easing this year.
But, once again, this is all speculative as there are too many variables at play. What we do know is that all of this adds to the volatility of the property market and what we may see are more extremes; highs and lows, which may contribute to more of a trading environment rather than one of pure growth.
Auctions, proper Auctions, will start as early as Saturday 6th of February. Despite growing chatter that Auction may be the way of the past, it will give us a great insight into the way the market may be trading for the rest of 2016.
Stay positive.
Thomas Merriman.
Thomas Merriman 