Wednesday, 3 June 2009

Property Prices in Leeds

According to press releases this week, apparently house prices are picking up.

Great News.

In the past few weeks, I have visited many houses that have sold and although a few have sold for much reduced prices, confidence in some areas is clear. We are seeing investors back, we are seeing people emigrating and taking low offers to get moving abroad (despite low exchange rates) and parents helping their children buy properties to live in whilst at University.

Reading through the press, we may still be yet to face more decline, but clearly we need homes and there will always be a shortage while builders cannot afford to complete projects and are forced to pull out of some developments entirely due to lack of funding.

Government argues about the damage of bonus' for Bank officials and MPs claim expenses to subsidise their living costs. The Banks continue to argue their extortionate costs when you go overdrawn and justify why it takes 3 days for a cheque to clear. All this does not matter, we still need somewhere to live.

There may be more storms to weather, but I am hoping for a long hot summer, a September election, a Green Party to be taken seriously and Banks to say sorry. Oh and the tooth fairy to bring me that pound I am owed!