There has been one good news story this week for those looking for some more sunshine in their lives.

Nationwide published figures that show the average price of property rose by a (seasonally adjusted) 0.9%. The three month trend is now positive for the first time since December 2007

In fact, one of our local estate agents said to me this morning that the “credit crunch” was over for him, but then again if you are looking for optimism then that’s the best place to start.

Here at Resident Broker we are still quite cautious – as we’ve said many times before, lending isn’t going to dramatically increase anytime soon – in fact, the next challenge will be how to deal with rising interest rates (and hence buy to let mortgage rates) and we believe expert advice will be ever more important.