It wasn’t so long ago that an asking price for property was more than achievable with many buyers ending up in a ”sealed bid” scenario to cope with the excess demand for houses.
Recent figures from RICS suggest that the gap between asking and achieved price has reached on average 10%.

The number of homes seized by lenders jumped by 48% in the first half of this year as borrowers, squeezed by the credit crunch and rising mortgage costs, defaulted at levels not seen since the early 1990s property crash. Reported on Guardian online.

You want to sell your house quickly. Looking at the news headlines this is easier said than done in the current economic climate. However, there are options available.

In need of a quick house sale?
Selling your property at auction V selling to a professional property cash buying company
In theory both offer the immediate sale that many people are so keen to secure. In practice the results can be very different. The route chosen will depend on individual’s priorities and the circumstances necessitating a […]

Over the past 2 weeks there has been significant commentary regarding stamp duty and whether it could be temporarily suspended to eject some much needed momentum in to the beleaguered housing market. 

Is there an end in sight to the current collapse of the housing market?   “Not in the near future” seems to be the verdict.
The government has, to date, prided itself on the management of the economy and the resilience of the UK economy versus the rest of the world.  Many homeowners have enjoyed unprecedented growth […]

If you are looking to sell your property in London at the current time the hardest decision to make is at what level to market the property.  Estate Agents are clearly desperate for business and some will place a value on a property to secure the property on their books in the hope of then […]

The average London house price has fallen by around £28,000 in the last month, as the downturn in the property market hits the capital.  The survey by property website Rightmove finds that prices fell by 6.8% in London, compared with 3.2% for the rest of the UK.