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You are here: Home / News / Buyers Vote Early
Buyers Vote Early
Date
15th Apr 2010
News Story
***PRESS RELEASE…PRESS RELEASE…PRESS RELEASE…PRESS …***
BUYERS VOTE EARLY!
Figures released by the ESPC this week appear to indicate that the West Fife property market is now on the road to recovery. According to ESPC statistician David Marshall there was a 17% upswing in sales via ESPC agents in the first quarter of 2010 as compared to the same period last year.
Michael Maloco of maloco + associates commented that despite an election in the offing the public seemed far more confident than last year and few seemed deterred by the prospect of political change or the like. “ It appears as if some normality is returning. The Spring is of course always a very good period in the market but even over the winter months we saw our sales soar by well over 75% compared to last year. It has to be said of course that winter 2009 was an especially grim time in the property game.”
With the major parties keen not to alienate home owners their manifestos do not contain anything of real concern that might impact on the housing market. Perhaps the next government’s challenge will be to look at ways to encourage banks to increase their lending to would be home owners and particularly the first time buyer.
Michael Maloco confirmed that incumbent MP Willie Rennie had contacted him regarding this very matter recently. “ Willie contacted me to ask what our experiences were in relation to first time buyers. Were we seeing their numbers increasing, were mortgages more plentiful etc? I had to advise that at the entry level they sadly were not and that this continued to blight the market.”