THE-POWER-OF-POSTIVE-PROPERTY-THINKING

THE POWER OF POSTIVE PROPERTY THINKING

15.08.17

It may seem a long time ago now, but many believe the market is still shaking off a degree of Brexit uncertainty, a stance that has been bolstered by the less than convincing political landscape that followed.

Ironically it has been those that prophesied the rapture of the UK market that have actually been the most detrimental to it. Those closest to the action such as George Osborne and his outlandish claims of an inevitable 18% crash in house prices have seen an air of uncertainty slow the market, albeit a tiny blip on an otherwise impeccable current medical record for UK property.

A year on and in contrast to gloomy predictions, an anticipative Schadenfreude even, we see that, in fact, house prices are nearly 5% higher annually with the monthly decline in growth reversing and the market remaining one of the most robust in the world.

The attempt by Osborne, Hammond and many others to talk the puff out of the UK economy and its related housing market, were grossly exaggerated and in fact completely wrong.

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