Rental sector to stunt price growth according to National Homebuyers
Homeowners may wish to secure a fast property sale as the introduction of a professional rented sector could stunt house price growth.
[UKPRwire, Tue Mar 04 2008] That is according to Savills, which said that if a professional rented sector was introduced to the UK, homeowners may suffer as prices fail to rise.
The prediction is based on the fact that more properties would be made available for potential buyers, reducing demand and bringing prices down.
It would be bad news for homeowners and many may seek a fast property sale in order to get as much money as possible before prices begin to drop.
"By increasing investment in rented housing you will, ultimately, increase the supply of housing," said Jacqui Daly, a director of Savills.
"And more housing is going to reduce the amount of house price growth. Ultimately, if you had enough supply to meet demand you wouldn't have 20 per cent house price growth a year," she added.
Fast property sale expert Julian King adds, "Homeowners looking for a quick sale of their property because they cannot find a buyer on the open market should consider a quick property sale company like National Homebuyers.
"We are able to assist thousands of homeowners with the fast sale of their home at a time when property prices are falling across the UK".
National Homebuyers are the UK's leading quick property sale company, guaranteeing an offer on any property in the UK, regardless of its condition or location.