Property News > Interest Rate Fall – Is It Enough?

Interest Rate Fall – Is It Enough?

The Bank of England has just cut the interest rate by one quarter of a per cent to 5.5%, but will it be enough to re-generate a housing market with a severe attack of the blues?The rate cut was no surprise as pressure on the Bank of England was coming from all directions: the housing market as well as industry and business leaders. The strong pound and fears about the level of borrowing are perceived as a threat to the future of the economy. Fears over the credit crisis in the States further compounds the situation and surveys are reporting a generalised gloom from both directors and the high street.Furthermore, sales of houses are slowing and in some areas prices are actually falling - unheard of even a few months ago. A drive around any town is likely to show more 'for sale' boards than those that proclaim boldly that they have been sold.If you plan to sell your home in this climate it's not going to be easy. Making your house as attractive as possible to purchasers is good advice, but it's not everyone who feels confident in doing up their property to the extent recommended by popular TV shows. In any case, for those whose home is in a hard to sell area no amount of off-white paint will deflect from the negatives of its location.If your home is in good condition with excellent decoration, in a nice residential area and reasonably priced, then you will probably still be able to sell - if you're prepared for the wait. But if you can't wait for whatever reason, or you find that your home simply isn't shifting, give Property Rescue a call. They guarantee to buy your home for cash no matter where it is or how long it's already been on the market.   Once you've agreed the sale price, they take care of everything for you and conclude the deal within a few days; far quicker than you could ever do by selling via the traditional route.Give Property Rescue a call and find a way out of the 'hard to sell' trap. Selling now could mean the difference between keeping or losing that dream home you want to buy.Property Rescue will explain everything to you in clear detail and take care of the paperwork and legal necessities. If at any time you decide not to proceed, you are free to walk away without obligation.The Bank of England has just cut the interest rate by one quarter of a per cent to 5.5%, but will it be enough to re-generate a housing market with a severe attack of the blues?The rate cut was no surprise as pressure on the Bank of England was coming from all directions: the housing market as well as industry and business leaders. The strong pound and fears about the level of borrowing are perceived as a threat to the future of the economy. Fears over the credit crisis in the States further compounds the situation and surveys are reporting a generalised gloom from both directors and the high street.Furthermore, sales of houses are slowing and in some areas prices are actually falling - unheard of even a few months ago. A drive around any town is likely to show more 'for sale' boards than those that proclaim boldly that they have been sold.If you plan to sell your home in this climate it's not going to be easy. Making your house as attractive as possible to purchasers is good advice, but it's not everyone who feels confident in doing up their property to the extent recommended by popular TV shows. In any case, for those whose home is in a hard to sell area no amount of off-white paint will deflect from the negatives of its location.If your home is in good condition with excellent decoration, in a nice residential area and reasonably priced, then you will probably still be able to sell - if you're prepared for the wait. But if you can't wait for whatever reason, or you find that your home simply isn't shifting, give Property Rescue a call. They guarantee to buy your home for cash no matter where it is or how long it's already been on the market.   Once you've agreed the sale price, they take care of everything for you and conclude the deal within a few days; far quicker than you could ever do by selling via the traditional route.Give Property Rescue a call and find a way out of the 'hard to sell' trap. Selling now could mean the difference between keeping or losing that dream home you want to buy.Property Rescue will explain everything to you in clear detail and take care of the paperwork and legal necessities. If at any time you decide not to proceed, you are free to walk away without obligation.

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