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Feels Like - 1992 all over again!

For those of you still in short trousers (or skirts) in 1992 let me enlighten you..The UK economy had been in recession for years, fiscal policy hadn't worked , Labour had lurched to the left and avuncular John Major was fighting an election in May. I'd been trading about 2 years by this stage and couldn't understand why we were so busy with nothing at the end of it. Estate agents work on a 'viewings to sales' ratio - when times are good it takes about ten viewings to find a buyer for instance. In 1992 we were arranging SEVENTY FIVE viewings just to geta solitaryoffer - which was then so derisory that the sellers instantly rejected it. Rushing around, showing property morning noon and night with nothing at the end of it. Happy days-not. Hours of head scratching and antagonising about why people weren't buying and- guess what' That summer, post - election was one of my first 'over target' busy sales periods. Fast forward 23 years and - all seems the same - lots of 'lookers' in the housing market, masses of viewings and again buyers reluctant to commit: not the depths of 75 viewings to generate an offer (thank heaven!) but still, lots of 'creased backsides' from sitting on the fence. The GOOD news is that - whatever the outcome - (barring perhaps a hung parliament and another election as in 1974! - but then even I'm not old enough to remember the effect on business that far back!) - activity levels soared in 1992, 1997 and 2001. And, in case you forget, property prices DOUBLED between 1992 and 2001. So - history repeats itself, right' Avoid the newspapers and the BBC's manic pessimism and - look ahead to a summer of success.

For those of you still in short trousers (or skirts) in 1992 let me enlighten you..The UK economy had been in recession for years, fiscal policy hadn't worked , Labour had lurched to the left and avuncular John Major was fighting an election in May. I'd been trading about 2 years by this stage and couldn't understand why we were so busy with nothing at the end of it. Estate agents work on a 'viewings to sales' ratio - when times are good it takes about ten viewings to find a buyer for instance. In 1992 we were arranging SEVENTY FIVE viewings just to geta solitaryoffer - which was then so derisory that the sellers instantly rejected it. Rushing around, showing property morning noon and night with nothing at the end of it. Happy days-not. Hours of head scratching and antagonising about why people weren't buying and- guess what' That summer, post - election was one of my first 'over target' busy sales periods.

Fast forward 23 years and - all seems the same - lots of 'lookers' in the housing market, masses of viewings and again buyers reluctant to commit: not the depths of 75 viewings to generate an offer (thank heaven!) but still, lots of 'creased backsides' from sitting on the fence. The GOOD news is that - whatever the outcome - (barring perhaps a hung parliament and another election as in 1974! - but then even I'm not old enough to remember the effect on business that far back!) - activity levels soared in 1992, 1997 and 2001. And, in case you forget, property prices DOUBLED between 1992 and 2001. So - history repeats itself, right' Avoid the newspapers and the BBC's manic pessimism and - look ahead to a summer of success.

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