Prices down in January according to National Homebuyers
There may be an increase in the number of people seeking a fast property sale after Rightmove revealed that house prices fell in January.
[UKPRwire, Mon Jan 28 2008] The firm's house price index reveals that the average UK property lost 0.8 per cent of its value, which translates to just under £2,000.
It is the third consecutive monthly fall, bringing annual inflation down to 3.4 per cent, its lowest level since December 2005.
Many homeowners may seek a fast property sale in order to ensure that they get as much money as possible for their property before prices fall further.
Miles Shipside, commercial director at Rightmove, pointed out that some "sellers seem to have dropped their prices" as they struggle to attract buyers.
The worst performing region in the month was the East Midlands, which saw prices fall by an incredible 6.1 per cent.
Wales was not too far behind on -3.8 per cent, while the West Midlands (-3.4 per cent) and East Anglia (-2.6 per cent) followed.
Fast property sale expert Julian King says, "Many analysts are predicting similar continued falls in property values.
"For many this will simply not be an option and a quick property sale is required.
"Many options exist to assist homeowners who are finding themselves edging towards financial difficulty. We advise homeowners to act quickly to avoid the worst in this downward market".
Mr King is a director of National Homebuyers, the UK's leading quick property sale company. National Homebuyers guarantees to make an offer on any property in the UK, regardless of its condition. The company also provides mortgage rescue solutions such as Sell and Rent Back when the homeowner can sell their property, but rent back for an agreed period of time and rental fee.