Property Market Predictions For 2011

Is 2011 going to be the year that the green shoots start turning into something more substantial or when the light at the end of the tunnel turns out to be a train heading towards us?

I thought that the best way of dealing with my predictions for 2011 was to start with a review of the property market for 2010. The start of 2010 was anticipated to carry on a continuing upward trajectory just as 2009 had finished. This was slightly slowed down by the bad weather at the tail end of December 2009 and the start of January 2010, causing a slight dip in transactions in February. In general, between February and September, houses coming on to the market exceeded expectations and were on average about 20% higher than 2009. I would refer you to my blog of 10 November 2010 which included the graph from the Registers of Scotland showing the volume of residential sales over a number of years. In September, as you will see from the graph, the number of transactions dipped below