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Aberdeen Property Market-Jan-March 2008
3rd January 2008

With up to 4 interest rate cuts predicted this year,we believe confidence will return very quickly amongst prospective buyers.

The tail end of 2007 seemed to bring more bad news each week,with the interest rate rises eventually doing their trick and then the Northern Rock crisis,it was no wonder that first time buyers took fright and put away their property check lists and banished all thoughts of looking for a property until after Christmas.What the hell seemed to be the attitude..ill have one last blow out then get ready to be sensible in the new year.

Well here we are and with quite a bit of 2007 housing stock still to be shifted, first time buyers hold the key to the whole market.They need to buy first to kickstart the chain.There will be bargains early on for those alert enough to get started right away but as these are snapped up and as other first timers return,then by around the beginning of March we expect to see a return to multiple offers at closing dates and high prices being achieved for 1 bed flats and even studios.

So the message for first time buyers is get out there early and for those waiting to sell is be patient,it will take until the middle of february for the domino effect to happen,but happen it most certainly will.

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