The last 12 months have been a bumpy ride for those hunting down a quick house sale. The housing market has been unpredictable but a recent survey into house sales last year saw that 61% were sold in the latter half of the year.
Facts and figures for 2009
The second part of 2009 had a huge impact on figures for property sales, which up until June were down by 37%. From July through to the end of December many sellers needed a fast house sale, which consequently led to an influx in sales and figures for the second half of the year show that house sales were up by 35%.
There are many agents that can sell houses quickly and it certainly appears many enjoyed this service in the latter part of 2009. A variety of factors have been attributed to the rise of home owners looking to sell a house fast. Job losses were a major factor and home owners were scared of banks repossessing their homes.
2009 was an ideal time for investors to take advantage of vendors who were looking for a quick house sale. In some cases, figures show many took advantage of buy-to-let or sell and rent back schemes as a way of staying in their home. The increase of quick house sales in the latter portion of last year is a positive fact as house sales are far preferable than repossession and many benefitted from the chance to sell quickly last year.
If you are looking to sell your home fast to avoid losing your home fill out our contact form to the right and an advisor will be able to provide you with some no obligation advice.
Heron International a large European investment and property group have indicated their confidence in the UK property market. They are building The Heron, a luxury 284-apartment tower in the City of London.
The Heron will have amazing views of London and will provide stunning, suites, apartments and penthouses. There will also be a roof garden and other luxuries such as a residents’ club lounge, gym, screening room, and valet parking; a cafe/restaurant/deli will be located on the ground floor of this premier development.
The Heron is the first major residential development in the City of London for over 30 years. You can read the full story here. If you are interested in moving into this prestigious tower enquire sooner rather than later as these hot properties are going to sell fast.
“Sell my house fast!” are the cries that you are likely to hear if you live in the Teesside area. The closure of the Corus Steelworks in Redcar looks set to have a domino effect on the people who live and work in the towns and cities that make up Teesside.
Closure – The decision to close the plant came from a boardroom 4,000 miles away in India and 1,600 workers look set to lose their jobs. As well as these employees there are also contractors who work at the plant and other businesses that survive off the business generated from Corus Steelworks.
Sell my house fast As unemployment is already high in the area and with the closure of Corus Steelworks there is no question that the numbers will rise. Some home owners will look to sell up fast, which usually lowers the asking price, but to stave off the threat of repossession this might well be an avenue that many choose to take.
Sell property for cash? The repossession rate in the Teesside area is all set for an increase but many will try to avoid repossession by selling up quickly for cash. The year has only just started and it has started poorly for many in the northeast who have relied on the steel plant for generations.
With the closure of the plant being yet another victim in the seemingly never ending recession that hit more than a year ago; repossession numbers in Teesside will unfortunately increase. However, the good news for those unfortunate enough to be caught up in the chaos, many banks and mortgage companies announced earlier this month that they are concentrating on finding other ways to help people in financial crisis’ to reduce the amount of repossessions in 2010.
If you are looking to prevent your family from loosing their home through unemployment a quick house sale could do that. Talk to Property Cashpoint we have cash buyers ready and waiting.
Britain has been a nation of home owners for half a century. But levels peaked four years ago at 71% of households, and according to a report brought out at the beginning of January, long-term private renting is set to make a comeback. It also predicts many homeowners will cash in on the equity in their homes and rent more cheaply instead.
The survey, by unbiased.co.uk, found that in 2010 as many as 2 million homeowners might sell their homes and rent instead – creating a new population of people who “sell and rent back“.
You can read the full article here.
Gross mortgage lending in January fell to the lowest level in 10 years as buyers were deterred by the end of the stamp duty holiday, figures showed this week – but experts have warned that lending could decline further as banks lose government funding support.