Some British vendors are thinking of increasing the asking price of their property due to the slight appreciation of the pound against the euro,and also because we are heading into spring which is perceived historically as a good season to buy and sell houses. To the people who are this way inclined I would advise them not to increase their prices on the strength of these very feeble indicators. The pound is likely to go down again and not recover until after the May election (depending of course on the results) and in times of economic crisis seasonal trends have very little effect. Buyers want bargains. They know they can get them at least for this year so please do not price yourself out of the market or you may end up waiting until Spring 2011. For all news and views on the economy and currency markets just log on to https://twitter.com/KeithSpitalnick or check out this page on our website.
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