The 2015 property market will be busier
I’m writing this in the second week of January, a very happy new year to you all, and am awaiting the December 2014 sales for Upper Hutt so I can tie a nice neat bow around 2014 and finally bid it farewell!
This year will be a far busier year property sale wise than 2014 as it now looks likely, finally, that The Loan Value Restrictions (LVR) will be dropped in February.
Last year I predicted it would be gone by April and had to make an apology for being so absolutely wrong, this year my information is based on conversations with mortgage brokers and bankers who are quietly confident in a much busier Wellington Regional Market this year.
My prediction is that not only will the property market be busier but you can guarantee that mainstream media will blow it out of all proportion and tell us the market is on fire. It won’t be. but there is pent up demand from 2014 that will add to a normal real estate year. My belief is that a year from now when all the sales from 2015 have been added together, it will have been a much busier than 2014 but combined will show 2 steady or average years rather than one busy and 1 quiet. If I’m wrong I will be apologising in this newspaper, I promise.
If you are thinking of selling your home, would like an appraisal, or want more information on the Upper Hutt property market please call me on the numbers below or contact me via email email@example.com alternately fill in your details here on my website.
(04) 212 6787
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