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Whilst it is true to say that the market, as a whole, is in a completely different place to where it was six months ago, we mustn’t forget that comparisons are made from a very low base (the horrific last quarter of 2008) and that the fundamentals, whilst improving, do not point to a booming market, but simply a “gently recovering” market. In my view, this is a healthy state of affairs and one that I expect to continue for the remainder of this year and possibly well into the next. The market has been through a torrid 18 months and all the indicators are pointing to the fact that the worst is behind us. London property was the first to go into recession (I think it started in August 2007) and, as in the last recession, is the first to emerge the other side.
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