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The indications are...

The indications are that, slowly but surely, if we are to look at the recovery trends from the 1990’s, the property market is raising itself! Attitudes seem to be changing. Properties that are selling, are now the realistically priced properties on the market. Properties priced to sell. When you have a neighbour selling a property at 40% less than your own is on the market for, you have to take note, and realise that your neighbour is being realistic! Properties are selling, OK, not the over inflated priced ones, whos owners seem to think they are still living in the early 2000’s, but the realistically priced ones are selling.

Is there room for negotiation at these prices. Well yes – I think on occasions you can still look at 5-8% negotiation power. It is predicted that by the end of 2012 all the over priced properties will either be withdrawn from the market, or be placed at a realistic selling price.

Then what? Well, if we are to put our trust in the experts, properties will remain at this type of price for a year or so, then we will see the lift that we have all been waiting for. As always, the best located, the best placed, the best use of space, and the best maintained, properties will move the market on for us.

So what does this mean for the buyer. It clearly is a very good time to buy, a good time to enjoy your purchase now, and a great time to look to the opportunities of the future.

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