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Is Now The Right Time To Invest In A Property
Those looking for a property have been able to since May 13th. Tenants viewing properties are now looking for something more than before. We have tried to answer some of the most important questions in the minds of potential home buyers.
Nationwide research suggests that UK has seen the biggest drop in house prices for a decade. Most lenders, estates agents and experts are expecting a fall in house prices this year. The Center of Economic and Business Research projects a fall up to 13%. Where as Knight Frank suggest just 3%. Winkworths Chief, Dominic Agace stated buyers were getting a discount of 3-6% on purchases during lockdown. Twenty CI has reported that property sales during the first week of June were 54% greater than the week before. And 6% greater than 1 year before. However, the drastic rise is likely due to sales being put on hold for the months previous. There is a growing concern for unemployment. With anticiptaion that unemployment levels will rise. This could mean more pressure on the house market.

Nationwide research suggests that UK has seen the biggest drop in house prices for a decade. Most lenders, estates agents and experts are expecting a fall in house prices this year. The Center of Economic and Business Research projects a fall up to 13%. Where as Knight Frank suggest just 3%. Winkworths Chief, Dominic Agace stated buyers were getting a discount of 3-6% on purchases during lockdown. Twenty CI has reported that property sales during the first week of June were 54% greater than the week before. And 6% greater than 1 year before. However, the drastic rise is likely due to sales being put on hold for the months previous. There is a growing concern for unemployment. With anticiptaion that unemployment levels will rise. This could mean more pressure on the house market.