Friday 11 May 2012

The UK Property Market


The UK property market is stagnant. Earlier this year, there was a glimmer of hope when the low end of the market saw an increase in first time buyers trying to complete in time to save some Stamp Duty but, since then, properties are languishing on estate agents books and many home owners have become reluctant landlords.

At the other end of the age scale, retirement housing is plentiful and, therefore, reasonably priced. People can't move in because they are unable to sell their current property; people who have moved to care homes need to sell to pay for care. This is not traditionally a rental market but, even so, one month's rent approximates to one week's care home fees.

If you are preparing to sell or rent a property, a splash of neutral paint is an inexpensive investment. It would also be a good idea to thoroughly clean carpets, not just to remove stains and make them look better but to freshen the smell for potential buyers or renters.

There is another option. If you need to sell a property, there are companies who will buy at a reduced price, about 25%-30% below market value. It's a good risk for them if they have long-term financial backing, as they can sell cheaply or rent it out until the market becomes buoyant again, currently estimated at around 5 years.
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2 comments:

  1. bi folding doors25 June 2013 at 22:48

    A year later, the property market has improved and houses that had been languishing for months are now selling.

    In the meantime, however, home-owners have been sprucing up their properties, whether to sell or to stay in them.

    A contemporary make-over could add a wow factor if you invest in quality home improvements such as a new kitchen, a wet-room conversion or a set of frameless glass doors or bi-folding doors with aluminium frames in a striking colour or a subtle one!

    Aluminium frames are more sturdy that pvc frames therefore the doors are not prone to warping over the years. SunSeeker Doors have been manufacturing and installing bifolds for ten years.

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  2. showers-wetroom conversions27 June 2013 at 07:40

    Increasingly, homes are being extended to accommodate ground floor wet-rooms.

    Here is an example of a wetroom installation with clear glass screen, including a shower seat and accessories suitable for disabled or elderly family members.

    We also supply half-height bi folding shower doors for walk-in or wheel-in access.

    ReplyDelete

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