BBC predicts flat market in 2012

The New Year is nearly upon us and the BBC have their first article looking into the crystal ball and predicting what will happen to the housing market in 2012:

http://www.bbc.co.uk/news/business-16356568

Although they talk about stagnation, I think there is reason for optimism. They note that the market nationally was “surprisingly resilient” in 2011 with a 1% rise nationally. The picture was much rosier in London with a 5% rise, so the Hertfordshire market will have benefitted from that. In 2012 it looks like the market will be as flat as a pancake, which is no bad thing really.

If people believe the market is stable they are far more likely to be happy to move, which means a market operating more normally. Its dramatic rises and falls that cause problems in the market so a flat market may be boring, but sometimes boring is good!