The market has started very strongly for property for sale in Hereford in 2016.
Last year saw prices increase across HR1, HR2 and HR4 by nearly 5% and from early signs prices could increase in a similar fashion across Herefordshire.
Early signs in Hereford are that houses are taking just a few weeks to sell for us.
This includes prices from £95,000 and a recent sale in Tarrington for £350,000 after sitting on the market with a previos agent for 6 months.
What we would really like is for property inflation to follow real inflation to allow more buyers onto the market.
Until this unbalance is addressed we feel that house prices will continue to increase and decrease with little logic or refelction on the real economy.
So a target of 2% please Mr Chancellor would be the sensible thing to do.