Here we go again – more talk of housing bubbles! It’s remarkable how property prices increasing has now become the ‘norm’ for talk of a bubble, the reality is we haven’t yet seen a full recovery in the market.

And despite Panorama’s (http://www.bbc.co.uk/programmes/b03j0nw1) scary mongering view of the property market, things aren’t anywhere near that bad. Yes it’s tough in London to buy in popular areas – so best tip is to move somewhere on the edges where it’s not quite so popular and you get better value for money, or considering moving out. That might sound drastic, but I did it ‘bit by bit’ and eventually moved a long way away and now commute to London in just under an hour and half, but am 130 miles away so property prices are very cheap in comparison to living in London.

Our property price summary of the reports says pretty much the same thing: Property prices in London are zooming ahead in 75% of areas (Hometrack) and the rest of us aren’t seeing much growth, but are seeing an increase in activity.

However, despite the ‘good news’ property prices are still on 10-25% lower than they were in 2007 depending on which survey you look at. And transactions are still pretty bad – 60% of what they were prior the credit crunch. Although it’s forecast for transactions to rise by 10-15% in 2014, that’s still a lot lower than where they perhaps need to be for a ‘real recovery’ in housing to have taken place.

Here’s a summary of the report headlines we cover and feel free to sign up to download our November Property Price Summary Report.