Market Conditions Improve

We believe that this relates to cheap borrowing and the significant reduction in property values during 2008.

The majority of the activity has been in the mid market i.e. between £200,000 to £300,000, although in addition we have seen more first time buyers entering the market. This will be enhanced by the recent announcement by HSBC that they will now lend upto 90% of a property's value subject to certain criteria.

What is interesting to note is that there is a shortage of property available on the market and we therefore urge all potential purchasers not to rush into buying a property without seeking professional survey and valuation advise. A continued shortage of available property in the market place could lead to rising prices.