PROPERTY PRICES STABILISE

Higher than expected auction clearance rates over the past few Saturdays are now indicating that property prices have begun to stabilise. Experts are putting this down to a combination of historic low interest rates as well as very low levels of stock compared with this time last year, with more buyers competing for less properties. What will be interesting to see is whether this good run of results is maintained throughout spring, with the traditional selling season usually meaning and influx of new properties for sale.