Forget the three feathers or the shamrock, you need a maple leaf…

 According to figures published this week and several articles in national newspapers this morning, for the first time since the meltdown of 2008 that left the property market (amongst others) in a state of apocalyptic devastation, all regions throughout the country have seen an increase in house prices. The cost of the average home rose by £2000 a month between April and June – up 2.6% – in some areas this equates to £65 a day. The Royal Institution of Chartered Surveyors – a body frequently mentioned in this blog – initially predicted house prices to rise by 2 per cent this year but now believes that this figure could be closer to 4 per cent.  When the first signs of confidence were reported to be coming back to the property market, we commented that interest rates should stay low until 2016, this was despite the markets feverishly speculating that they would rise.   I am encouraged that my fellow Canadian ( you didn’t know that, did you?), Mark Carney, the new Governor of The Bank of England, has in his first week in the job stated that they will indeed stay low until 2016 with base rates remaining at 0.5 per cent.  This has been described as ‘bonanza’ time for the property market with lenders far more willing to assist.  In such a vein, the Leeds Building Society yesterday launched a mortgage with a ‘zero’ interest rate for the first 6 months.  That would have appealed to Adam Cartwright and his father (‘don’t marry me, you’ll end up in an early grave’), Ben.  Speaking of Canadians, Lorne Green the actor who played Ben Cartwright was a Canadian by birth.  And you thought that you came to this blog for an insight into the machinations of the property market; you did, but as well as base rates you are now in a position to answer a pub quiz question on the second longest running western series…