London prices fall according to National Homebuyers
New house prices have fallen by 4.1 per cent in London in the last 12 months, spelling bad news for anyone seeking a fast property sale.
[UKPRwire, Thu Feb 07 2008] Smart New Homes has reported that the average new home in London lost £18,000 of its value last year.
With prices apparently falling across the country, even in London – one of the UK's best performing regions throughout history – many homeowners will be looking to secure a fast property sale in order to get as much money for their property as possible.
Commenting on the figures, David Bexon, managing director of Smart New Homes, said that many people may decide that now is the time to take the plunge and leave the capital
"While there is no denying that London has outperformed any other region in December, our index shows that new homes are cheaper in London now than a year ago," he revealed.
"This could be the deciding factor for families who may have been debating whether to stay in the capital or look to upgrade to a larger family-sized home elsewhere," added Mr Bexon.
Quick property sale expert Julian King of National Homebuyers comments, "As London falls, the rest of the UK will follow. Homeowners who need to secure the maximum value in their property must act now.
"The average time to sell on the open market [through an estate agent] is now touching on ten weeks. For thousands this does not suit the vendor's needs.
"A fast property sale is the key to ensuring homeowners achieve maximum value when selling their property" says Mr King.
Julian King is a director of National Homebuyers, the UK's leading quick property sale firm, guaranteeing to make a cash offer to purchase any property in the UK, regardless of its condition or location. The company also offers a series of other mortagage rescue schemes such as Sell and Rent Back.