Pessimism continues as house prices fall
Pessimism has continued to blanket the nation as house prices drop for the fourth consecutive month…
With the desperate need to sell properties, many home owners are reducing their property prices in order to sell quickly. But is there any hope? For those with house prices above £10 million there is! These luxurious and pricey properties have not received the tremble that is causing such mayhem for owners of properties under the £1 million mark.
What else can be done to help the market? Have you managed to find a great deal? Let us know and post your comments…
This entry was posted on Friday, August 29th, 2008 at 3:15 pm and is filed under Finance, General Interest. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
It’s all pessimism on the market front however it seems more to be on the governments side of the fence. I think that it is great that developers like Barratts, even though they have recorded big losses, are trying to re-gain confidence in its buyers and have created big discounts and incentives which are available for their developments. They have obviously recognised that it is hard to find qualities homes in good locations with the right amount of space for under £175,000.
Let’s hope that the buyers confidence will pick up soon…
The government clearly aren’t doing enough to help out the market. The mortgage lenders need to bump start things again as this is where the problems began. If they start lending again, more people will be able to buy. Things are too expensive nowadays to have a spare £15,000 hanging around. Those with little money need the help the most!
It seems like to case of the rich get richer while the poor get poorer…