Why market will remain resilient
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.”