Live Simply Traffic up again!

Live Simply traffic is steadily growing. The summer tends to be a much busier time for rentals than the winter months, however due to the credit crunch we were expecting much lower traffic levels. Of course traffic levels do not indicate whether or not these "browsers" are taking properties or just watching the market.

Up until this point rental prices have been holding out strong with people preferring to stay put than gamble on buying. However as the credit crunch carries on inevitably in the long term rental prices will follow the sales prices. The question is when and by how much.

Potentially this recent traffic surge could be the first glimpse of the bargain hunters coming out to see what's on offer with the falling rental prices. Alternatively this traffic surge could be due to the necessity of rental property regardless of market conditions. After all there is still a huge shortage of homes in London.

So this means that any short term falls in property and rental prices unless held down by a massive expansion in availability of homes will inevitably rise back to pre crunch levels sooner or later.