Wednesday, March 4, 2009

Green Shoots of Recovery?

I heard today that a major estate agent in Norwich believes they are seeing movement in the housing market.

They have been selling housing stock at the lower end of the price range, which must be good news. The downside is the price reduction those owners have had to make in order to sell. Apparently they had to drop from around £140k at the top of the boom to £100k now.

Realistically though the boom peak prices were just off this planet and needed a major correction anyway so the losses aren't as large as they appear.

In another whisper I heard today, the banks seem to have found their business loan application forms again and are actively handing out money. I guess (hope) they are being a bit more careful in their credit checking rather than the lax "does he breathe and can he sign his name' check they seem to be using on some lending up to last year.

If your with me and see the twinkle of light at the end of the tunnel, then make sure you hit the ground running when it all takes off by having your on and off line sales strategy already fired up. Need help with it? Contact me at Alloy CRM for help with increasing your revenue and profits.

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