Well deja vu. Oddly we have sold exactly the same number of NP residential properties for 3 months in a row. It seems like Ground Hogg Day when I look at the statistics again. This is actually somewhat expected though; we seem to be going through a period of very steady selling, with unspectacular volumes. Sales are right across the price and location spectrum. Buyers are active in all sections of the market. What they do have in common is short arms and long pockets. Offers are very conservative and their choices are increasing daily. Money is plentiful; many 90% mortgages are again available. I am still confident we will continue to see solid if unspectacular sales numbers through 2015. Capital growth like inflation, seems to be banished from the landscape. Treat any offers with respect, buyers lose interest in difficult negotiations quite quickly, and just move onto the next opportunity.
John Christiansen
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