Owners Seeking Alternative Ways To Sell Their Homes

 

Home owners in the United Kingdom are seeking alternative methods of selling their properties. Nick Marr, an industry expert, stated that methods including looking at rent-to-buy are coming increasingly on the radar of sellers who are attempting to find new means of selling their properties.

These comments came after the release of figures found by the Council of Mortgage Lenders. The study’s findings displayed that the numbers of loans for house purchase were at 46, 700, with an estimated worth of £6.7 billion as of June 2011.

Compared to the figures in May 2011, a month previous, an increase of 22% had been recorded in both volume and value. However, there was still an 11% drop in volume and 13% decrease in value compared to June 2010.
The expert noted that a lot of developments are taking place in the housing market over the last few months, as property builders begin to propose part-exchange deals that ‘capture the minds’ of sellers, resulting in many taking the concept as a serious option.

Mr Marr continued, saying "Lower house prices would help first-time buyers to breathe some life into the market. Sellers are dropping in number as they see how long it takes to sell and also the fact that they need to reduce prices is making the next move impossible." ADNFCR-1286-ID-800698365-ADNFCR

Mr Marr continued to express that a presence of general hesitation in the financial markets across the world would likely ‘[play] its part’ in dampening such activities.


<--- return to news section

property agency training - property practice course

 

4 Everything Property4 Everything Property - UK Property Directory

4 Everything Property is a UK property directory bringing you the latest property news and resources. Register now for FREE newsletters and updates. Plus, if you are a property agent or property industry service provider you can also advertise in the directory for FREE.

 

© 2005-2012 Property Agency Training - Design by The Business Ladder (UK) Limited | Legal Information | Site Map