Independent property investment consultancy Ducalian has asked investors to approach any news of a significant improvement in the property market with a pinch of salt. According to the consultancy, the rapidly fluctuating figures of property sales point to the fact that such news of recovery must be treated with a certain level of caution.
Andrew Styles, the firm’s senior consultant has stated that the market was still very feeble, with pricing vulnerable to market instabilities. According to Styles, the growth patterns that many had predicted the year before were yet to be fully realized. On an optimistic note, Styles added that he was definitely expecting the market to regain its lost glory soon. He was, however, reluctant to put a timeline to when this recovery will happen.
There is however, some positive statistics coming in from the Association of Estate Agents. The association has in April reported an increase in the number of people who have registered to look for property.
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