Buy My House

Property transactions in March were down by a fifth compared to the year before, and as a result of falling demand from first-time buyers, higher mortgage rates and tighter lending criteria, the number of mortgages approved for house purchases has fallen to record lows.

Hometrack, Halifax and the Nationwide Building Society have produced figures indicating that the average house is now worth less than it was a year ago. Lloyds TSB have further added to this gloom by stating that they anticipate a further reduction in house price throughout 2008 and 2009. Reuters suggest a fall in house price of five percent this year, though many property experts anticipate this will more likely be about ten percent. A recently leaked Government report shows that Housing Minister Caroline Flint believes property prices will fall by ten percent. This, she considers, is taking an optimistic view.

All of this could potentially lead to an increase in the number of people needing a quick house sale, in an attempt to ‘cash in’ before house prices fall even further. People realise that the housing market is currently so weak that it would take successive and prolonged base rate cuts in order to start correcting current conditions, so are wanting to take action now.

If you are looking for a quick house sale and are hoping to sell before prices fall any further, then contact me now or simply fill in the online free cash offer form.