Summary of the 2009 Property Markets

Unlike many ‘so called experts’, I predicted that from April 2009 the market would start to stabilise – and was proved right. The main reason behind this was I didn’t believe that with all the ‘bad news’ and recession, sellers would continue to try and sell their properties. As such, supply dropped in some places lower than actual demand, which was what caused property prices to slightly increase last year.

The media often fall into a trap though of reporting ‘year on year’ data and of course comparing 2009 to 2008 was a bit pointless. What we needed to do was compare how 2009 performed versus the previously ‘successful’ market in 2007.

Read on for my Summary of the 2009 Property Markets.