Is there an upturn in the making?
By Justin Edwards in General
Published: Tuesday, 18 August 09 - 06:05 PM (GMT)
Last Updated: Tuesday, 18 August 09 - 06:26 PM (GMT)
The media have been eagerly talking down the market for the last 12 months which I hoped would at least help me buy a house for a good price having sold in November.
However, since nobody has been prepared to sell, it's been pretty impossible to find one we like because there's been nothing on the market. So what's out there has actually been priced artificially high and now we've found one, we've ended up paying 5% over asking price in a closed bid!
What's that all about??
Anyway, now I've got that off my chest, on to business...
Our turnover dropped by around 35% between September 2008 and February 2009 but has remained stable since February. This has at least meant that our cost-cutting measures have been adequate and that we are able to sustain a team large enough to allow for growth. The leveling out is mostly attributed to a good contract market - the perm side of the business really fell away.
Activity significantly increased in July & August with our contract vacancy list quadroupling and our perm vacancy list doubling during this period. Whilst this could be just a happy blip, it's still very encouraging.