Property News > Buyer Confidence Drops in Housing Market

Buyer Confidence Drops in Housing Market

This week the financial commentators have reported on several factors that are hitting the housing market via a lowering of buyer confidence.Property prices are slowing almost everywhere and in some areas of the country they are falling. One of the few locations to buck the trend is the capital where estate agents report reasonable levels of sales against the backdrop of a buyers' market where the price paid is not always the price at which the property was marketed. The Royal Institute of Chartered Surveyors has reported a 22.2% increase in the number of its members that have seen a fall in the price of properties they have on their books. House prices might be going down but the rate of inflation isn't, despite the Bank of England's hold on interest rates last week. The government failed to meet its target of 1.9% inflation during October, with figures coming in at 2.1%. Inflationary pressure might just persuade the Bank of England to hold interest rates yet again when it meets later this month, rather than make the cut that the housing market has been hoping for. Energy prices are up, as anyone who has recently been to a petrol station will know!  Not so long ago the media - and the rest of us who drive cars or heat our homes with oil - were horrified to think of a barrel of crude pushing through the $50 barrier, but today it looks as if prices will soon reach a staggering $100 a barrel. Northern Rock has rocked the market, showing that even the largest financial institutions are at the mercy of global economics. The sub-prime mortgage market in the US is still in some difficulty, leading to speculation that there may be more problems to come.Trying to sell a home in this climate isn't easy. Attention must be paid to how your property is marketed and your home must be in tip top condition if it is going to attract the attention of buyers and ultimately achieve that longed for sale. But Property Rescue guarantees to buy your house, regardless of its structural or decorative condition. They complete sales in super-fast time leaving the seller free to benefit from the ever-growing number of properties on the market. Although you won't get the maximum sale price that might be achieved on the open market in 'good times', the price Property Rescue quote is what you'll receive, without additional expenses or a deduction of fees.The guarantee of a sale in the current property market must be worth a second look. Give Property Rescue a call to find out more. They will talk to you in total confidence and there will be no obligation to proceed.This week the financial commentators have reported on several factors that are hitting the housing market via a lowering of buyer confidence.
  • Property prices are slowing almost everywhere and in some areas of the country they are falling. One of the few locations to buck the trend is the capital where estate agents report reasonable levels of sales against the backdrop of a buyers' market where the price paid is not always the price at which the property was marketed. The Royal Institute of Chartered Surveyors has reported a 22.2% increase in the number of its members that have seen a fall in the price of properties they have on their books.
  • House prices might be going down but the rate of inflation isn't, despite the Bank of England's hold on interest rates last week. The government failed to meet its target of 1.9% inflation during October, with figures coming in at 2.1%. Inflationary pressure might just persuade the Bank of England to hold interest rates yet again when it meets later this month, rather than make the cut that the housing market has been hoping for.
  • Energy prices are up, as anyone who has recently been to a petrol station will know!  Not so long ago the media - and the rest of us who drive cars or heat our homes with oil - were horrified to think of a barrel of crude pushing through the $50 barrier, but today it looks as if prices will soon reach a staggering $100 a barrel.
  • Northern Rock has rocked the market, showing that even the largest financial institutions are at the mercy of global economics. The sub-prime mortgage market in the US is still in some difficulty, leading to speculation that there may be more problems to come.
Trying to sell a home in this climate isn't easy. Attention must be paid to how your property is marketed and your home must be in tip top condition if it is going to attract the attention of buyers and ultimately achieve that longed for sale. But Property Rescue guarantees to buy your house, regardless of its structural or decorative condition. They complete sales in super-fast time leaving the seller free to benefit from the ever-growing number of properties on the market. Although you won't get the maximum sale price that might be achieved on the open market in 'good times', the price Property Rescue quote is what you'll receive, without additional expenses or a deduction of fees.The guarantee of a sale in the current property market must be worth a second look. Give Property Rescue a call to find out more. They will talk to you in total confidence and there will be no obligation to proceed.

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