As 2011 draws to a close it is perhaps a time to reflect on the property market generally over the last 12 months.
As a Chartered Surveyor we tend to be about six weeks behind the estate agents in terms of activity. As is to be expected the year started slowly but quickly gathered momentum and has been generally very busy throughout the year. Property values have largely remained static throughout 2011 although there have been some reports of slight price increases in certain areas. It will be interesting to see what happens to property values in 2012. There are several conflicting opinions around. Will they rise or will they fall?
The rental market remains buoyant as first time buyers struggle to obtain mortgages due to the very high level of deposit required.