The housing market has all but disappeared out of the news , at the end of last year there was a glimmer of light at the end of the tunnel and all the predictions were that in 2009 house prices would have dropped a further 15% before things start to recover toward the middle/end of the year. 

 

If you are going to purchase a house at any time in the next few years, you need to understand exactly what this means for you!

 

House prices do not just drop of their own accord, official house prices are based on actual sales, by the time it is reported that house prices did indeed fall by 15% the opportunity to purchase at this discount will have been missed! People who are buying now are the ones benefiting from the 15% drop.

 

The market is changing already, the estate agents we speak to have a renewed confidence in the market.  Enquiries are picking up and the number of requests for viewings and offers they are receiving are steadily increasing, particularly from first time buyers.

 

Banks are starting to retain the properties they have repossessed and put them out to let, rather than sell them under market value and developers are doing the same.   By causing a shortage of property on the market, they will create more competition for the houses that are being sold, forcing prices back up.  They know that they will not have to wait much longer before they can sell their properties and get the money they want for them.

 

For months now we have been able to purchase properties for our clients with little competition and we have secured some fabulous deals.  However there is no getting away from it, confidence is rising and the number of buyers is increasing.

 

But it is not too late...