Twenty Eleven Appears Like It Will Be Another Bad Year For The UK Property Market

Spring is usually the time when the house market in the UK quickly starts moving after the lack of interest over the Christmas period and the coldish weather that we had in January and February. This winter has been a particularly harsh one, upsetting Christmas retailing and deciding the fate of the beginning of the year; a slow footing, but finallythe first hints of spring are popping up. Regrettably these initialhints do not seem to have had an affect on the housing market. This shortage of impetus suggests we will have another lethargic year in the housing market, causing terrible problems for those people who find themselves desperate for a quick property sale.

It is a very irritating situation to be in and one where they will continually be looking at the next difficulty. Mantras like “we’ll just see Xmas over and then we should see some interest” or “when the summer holidays are out of the way” and now the arrival of spring brings only more of the same for the housing market. Everyone tries to work out when and if it will ever pick up. The problem is worsened by the risk of upcoming borrowing rate rises by the Bank of England who seem to be pushed towards this step in order to halt inflation rises. In actual fact inflation isn’t rising due to the spending habits of the country, to paying no attention to tough times and their wish to spend when they should be holding back. It is caused by the fact that almost every household necessity is rising in price severely. Petrol prices are at unprecedented rates and are set to rise further. Most families have reduced the number of non essential car journeys they undertake, but for lots of us, travel to work makes up the largest part of their fuel spend. Food prices have gone up massively and the same is happening to heating bills.

No wonder then that spring has not brought the coveted improvement in the housing market. With the financial position as it is those needing to sell house fast face another tricky year ahead.