If the mortgage market is anything to go by we should expect movement across all of the property market soon. By movement, we mean an increase in the number of transactions per month, year etc.
What makes us think that? Quite simply, an astonishing amount of new mortgage deals have been introduced into the market recently and yesterday's announcement by HSBC is just one recent example. Without a doubt it appears that the 90% mortgage is back - HSBC is following Nationwide in offering one - at least for those buying to live in a property.
At the same time, mortgage interest rates seem to be falling, not only for HSBC clients but also for ING Direct customers.
In further mortgage news, intermediary lender Precise has launched a range of prime mortgages and Tesco Bank are extending their range of mortgage products, to name just a couple.
Meantime in the buy-to-let market, rental yields have increased almost across the board in the third quarter of this year, mostly due to high tenant demand and still falling property prices in some locations.
The high demand is certainly something we are seeing in Edinburgh this year. With students just back at university and the holiday season over, virtually none of our clients' properties are empty. On the contrary, we've been able to source properties to buy for investor clients which are now successfully let and we envisage this trend to continue.
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