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!