Decision Homebuyers Track House Market Stability
Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, now track the ongoing instability in the housing market
[UKPRwire, Wed Oct 21 2009] Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, now track the ongoing instability in the housing market.
Any recent increases in house prices are a blip if Oxford Economics’ latest ‘think tank’ is to be believed - predicting a 12.2% slump this year and a further 4.6% in 2010 before a house prices slowly increase in 2011.
This is a marked contrast to forecasts from Nationwide and Rightmove who after recent price rises heralded a change for the better. Figures from Halifax also showed a 1.1% increase in July, the second rise in three months. Furthermore, estate agents claim sellers are in a stronger position recently with properties spending on average 5 weeks on the market - down by 2 weeks on Q1.
Conversely Oxford Economics research suggests that some homeowners may be stuck in negative equity for at least another five years until the market begins to recover in a sustained way.
With such contrasting predictions of how the housing market will perform, the message seems to be that it is still in a state of instability and it is far too soon to call any market rise a ‘recovery’.
“It’s hard to know how the housing market will perform but one certainty is that for many reasons people need to trade up regardless,” says Laurence Smith of Decision Homebuyers. “We make selling your house simple and guarantee a cash offer on any residential or commercial property - see if we can help you make a positive step and beat the recession.”
To find out more about Decision Homebuyers and their services please call 08456 341 456 or visit: http://www.decisionhomebuyers.co.uk/
About Decision Homebuyers:
Established in 2006 and specialising in fast property purchase, Decision Homebuyers are experts in their field. Decision Homebuyers can buy your house fast and guarantee to make cash offers on all types of residential and commercial property, no matter what the condition.
630 Linen Hall
162 - 168 Regent Street
London, W1B 5TG
08456 341 456