Decision Homebuyers Report on the August Price Rise
Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, draw your attention to recent reports about house price rises.
[UKPRwire, Wed Oct 14 2009] Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, draw your attention to recent reports about house price rises.
We may still be feeling the effects of the credit crunch, but can 4 consecutive months of rising house prices be looked upon as a light at the end of the tunnel? Nationwide’s monthly survey showed the 1.6% price rise in August to be the largest in over 2 years. The Land Registry corroborates this and adds that in July a price jump of 1.7% was the largest rise in 5 years.
All positive news - or is it? House prices were still 11.7% lower in July than they were at the same time the previous year, but a higher rate of positivity abounds, with 78% of participants in a recent Rightmove survey feeling the bottom of the slump has been reached.
The low interest rate held at 0.5% and a government economy injection of £50 billion are said to have contributed to the improved situation, making properties more affordable for first-time buyers. Cluttons estate agent said that London sellers are getting offers within 2% of their asking price, compared to the discounts of up to 30% that they were being forced to make a year ago - clearly an improvement.
“The recession has affected the property market greatly but we have to be careful heralding a fluctuation as the end of the slump,” says Laurence Smith of Decision Homebuyers. “Whatever the market is doing however, we can buy your property fairly and fast, just visit us online to find out how.”
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