BANG THE DRUM
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So on to this month’s issue. Is that a light at the end of the tunnel? Or is it a train coming the
other way? As we go to print the parliamentary scandals continue to wind us all up, the banks
still aren’t lending anything like enough, the government schemes set up to help first time buyers
and those in danger of repossession appear to be barely functioning.
I’m not sure there is much to get excited about but the editorial team has, nonetheless, been
digging across the country for signs of life.
York proved an excellent candidate for our Pulse feature – like Bath, the city offers what
homeseekers and businesses want at a price they can afford; but Birmingham and Cardiff firms
report a very difficult commercial
As we go to print parliamentary
market – and no great signs of an end
to the gloom.
scandals continue to wind us up
Checking out the various market
and the banks still aren’t lending.’
sectors produced mixed reports;
Rosalind Russell discovered yields of
eight per cent in the student property
market – and a free bike with some highly targeted units. In the green fields of rural England the
farm and land market is contracting rather than growing but Andrea Kirkby found some
interesting regional variations and long-term this market is still a good bet. Meanwhile Dani
Simpson reports that residential agents are optimistic and pessimistic in almost equal doses.
There is no doubt it’s tough out there.
Talking to various agents I have found a significant interest in auctioneering and David
Sandeman’s overview of this special market includes figures that track its recent strong
development. Next month he will advise on the best ways of joining the fray.
There’s plenty more inside and more on our website: www.propertydrum.com. Our
e-newsletter Jungledrum will soon be emailed. If you’d like to receive this just register on the
Propertydrum website – it’s free! If you’d like your own printed copy of Propertydrum, you
should subscribe this month while our introductory offer runs. See page 6.
Contact me: Sheila@propertydrum.com, at www.propertydrum.com or call: 01825 733843.
Sheila Manchester
PROPERTYdrum JUNE 2009 3
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