Well the doom mungerers are out in force this month! January's data suggested the market was 'wobbling' while February data suggests it's on the slide. The double dip everyone is questioning certainly looks that bit more likely - but that's only if you take the property price reports as a measure of what's happening in the market.
The truth is that the market reports are all basing their figures versus Feb 2009 which was when we had a real uplift in the market for the first time since 2007. So effectively we are comparing an 'average' month for Feb 2010 versus an above month of activity in Feb 2009, so of course it suggests that things are moving 'downward' when in fact it's just a comparison of a good month versus a 'not so good month'. READ MORE for all the latest BUYING AND SELLING STATISTICS.
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