Why mar­ket will re­main re­silient

Yorkshire Post - Property - - FRONT PAGE -

THE an­nounce­ment of a dou­ble dip re­ces­sion won’t af­fect the prop­erty mar­ket sig­nif­i­cantly, say es­tate agents Strutt & Parker.

James Macken­zie, head of the Coun­try house team at Strutt & Parke, says: “The re­al­ity is that re­ces­sion is a nor­mal, if un­pleas­ant, part of the busi­ness cy­cle. Busi­ness sen­ti­ment has im­proved markedly since late last year and, de­spite all odds, houses are still sell­ing. London con­tin­ues to defy the odds with prices in­creas­ing steadily and strong in­ter­na­tional in­ter­est; and now too out­side London, more prop­erty trans­ac­tions are tak­ing place as peo­ple be­come ac­cus­tomed to the cycli­cal na­ture of the mar­ket. The truth of it is that peo­ple and the mar­ket have be­come re­silient.”

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