With Spring approaching and the Bank of England's announcement of another drop in interest rates to 5.5%, with maybe more to come, have we seen the end of the doom and gloom markets of November, December and January. We are already seeing an increase in activity within the housing market in our area, with more viewings being booked and more offers been made. Although, we do not feel this increase in activity will create rising house prices, we do feel that values in early 2008 will remain strong and stable.

We have already seen examples of this in the instructions we have received for our forthcoming March Auction. Interest has been strong in the lots that we have to offer and viewings are being booked at this early stage. Will it continue? This is something we cannot answer, but previous years experience shows us that the market can only improve as the summer months approach. With longer and warmer days, confidence grows and people decide to move home. This is a prevalent annual event and although times have been difficult throughout the past few months, we still feel will be a major factor in the 2008 spring/summer market place. We will not see the real effects of an interest rate drop until the spring and into the summer market places, but these are the annual months of improvement in all markets.

As they say "we will see", but we think there is sun and clear skies on the horizon for the English 2008 Housing Market.



See above "Brecon" a cottage in Langley, and "Grassmere" a Property with planning permission to demolish and re-build in Knowle. Both properties are coming up for sale by public auction in March with John Earle & Son.