Property | Search News | | Find an IFA | | Browse | Bank Accounts | Credit Cards | Household Bills | Insurance | Investments | Loans | Mortgages | Pensions | Property | Savings | Tax | UK Economy | | UK Spotlight | News that Gordon Brown met the French president and the European commission on Monday has rather upset the German government who were left out of the talks. The talks were aimed at finding a... Read More | | Disclaimer | customrealtorwebs.com adheres to the Financial Services and Markets Act 2000. This site contains only factual and readily available public information. | | | | | | Why are house buyers still sitting on the sidelines? | | Friday 5th December 2008
Over the last few months we have seen a major deterioration in the UK property market with prices falling month by month and many desperate sellers willing to knock thousands off their asking price. However, surprisingly we have seen very few bargain hunters step forward which is something of a major concern for those in the sector. There appear to be a number of reasons for the inactivity on the purchase side with future price reductions probably at the top of the list. More and more experts are suggesting prices will fall substantially over the next 24 months and with this in mind many potential investors seem happy to stay on the sidelines for the moment. There had been an issue with mortgage funding liquidity but this has reduced slightly over the last few weeks and those with good credit ratings and steady income streams stand a fair chance of obtaining finance. There had been suggestions that auction houses were seeing more interest in repossession homes but this again seems to have gone quiet over the last few weeks as more depressing news on the economy and the housing market continues to flow. | Full Property News Archive Return to Homepage | |
| | Other top stories in this section: House prices 'drop 2.6%' | Hometrack survey shows house price reductions set to continue | Nationwide releases new house price figures | House prices could fall by 36% over the next two years | Government acts on empty property tax | | | | |