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Real estate enthusiast shares views

Roadmap to Recovery: Harvey Edgecombe Q&A

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Editor's note: Harvey Edgecombe, a London-based lawyer and creator of the Renthusiast international real estate blog, shares his views about the future of the real estate industry in this Roadmap to Recovery Q&A. Click here to learn more about the Roadmap to Recovery project. The following is an Inman News Q&A with Renthusiast creator Harvey Edgecombe: Q: Will sales activity in your local housing market contract or expand in 2009? In London, we're seeing different markets reacting differently. For example, the Land Registry Index, the FT House Price Index and the Rightmove Index all report positive growth figures for London boroughs such as Kensington, Chelsea and Westminster, areas considered prime or super-prime real estate. However, overall for London the market is decreasing, and I think this trend will certainly continue in 2009 and beyond. Q: Will national sales activity contract or expand? I don't see national U.K. markets expanding much in 2009. We have t...