For many prospective homebuyers, securing a mortgage can be a difficult task at the moment, making the housing market relatively static.
This is according to Peter Williams, chairman of research company Acadametrics, who recently suggested global economic uncertainty is having a negative effect on property sales.
He explained that turbulence on the international scene financially coupled with high deposit requirements are “making mortgages difficult to obtain”.
“The observed result of these different factors is that of a subdued market, with transactions at only 44 per cent of their long term levels and house prices, although up this month, remaining relatively static over the year,” Mr Williams added.
As a result, waiting around with a property for sale and thinking ‘who’s going to buy my house?’ may take some time.
Here at Quick House Sales UK, we can give you a price within 24 hours and remove this market uncertainty from your equation.
November 23, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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