2010 has been another encouraging year for the property market. House prices have continued to improve fuelled by increased confidence from buyers and sellers alike.
Our market research indicates that local prices have been buoyant compared to the national average as Shropshire and surrounding areas continues to be a particularly sought after and desirable location to live.
I would preach caution over taking any negative press regarding the industry at face value. My view is that such headlines will be offset by a very different message early in the New Year.
Once the government cuts, and changes to VAT have taken time to settle, I think house prices will continue to recover at a speed above the national rate of inflation.
The simple facts of the matter in the Shropshire area are that there is a shortage of housing supply and a substantial pent up demand. Once we see lenders offering more competitive mortgage products, there is considerable potential for a local mini boom.
Looking forward, I see 2011 as another challenging year that will reward those who take a practical and pragmatic approach to moving home. Shropshire is a superb place to live and there will always be a buyer there for you.
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