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Showing posts from February, 2008

Where are we?

The Market So Far in 2008 We are now virtually at the end of February 2008 and where are we in terms of the property market? Depending on whether you choose to read one newspaper or another you could be forgiven for believing that the market was 'up' so far this year or on the verge of total collapse and you should ready yourself for repossession within the next 6 months. In fact a recent TV programme took as it's title 'Repossession, Repossession, Repossession' – no doubt a play on the maxim 'Location, Location, Location'. Well I suppose I'm only qualified to voice an opinion on Ely and district and rightly so as that's the area I operate in. I believe that this is also the key to understanding what is actually going on and what you should believe about the fate of your property price. Some years back we had a Halifax agency within our business and we were once visited by a regional guy who talked about 'micro-markets'. What he was trying to