SELL YOUR HOME QUICKLYAre UK House prices on the rise?
After months of falling property prices, “Aboutproperty” today reported an average increase of 1.2 percent in house prices during May. The increase, seen in property prices across England and Wales, was noted in “Rightmove” latest property price index.
According to the survey, the annual rise in house prices has been somewhat restored, and is currently sitting at 2.2 percent, says “Aboutproperty”. This is a fairly significant increase since the month of April, when the figure was at just 1.3 percent.
But don’t be fooled into believing that this signals an overall recovery in the market, warns “Rightmove”. The increase is most likely due to what it calls “discretionary spring sellers” – those who are selling big homes in the south of England and thereby inflating the average UK house prices. This claim is supported by the fact that, in the south, asking prices rose by 4.2 percent this month.
However, if property prices are experiencing a genuine increase across England and Wales, it could spell even more trouble for hard-pressed homeowners desperate for guaranteed offers for their homes. Fallout from the Credit Crunch has seen lending conditions so tightened that most individuals do not qualify for mortgages, or cannot afford to keep their homes. If sellers are already struggling to sell while property prices are low, what chance do their have when asking prices begin to rise again, and mortgage conditions remain just as stringent?
Those in need of a fast, reliable sale are encouraged to chat to MPG Investments today. We offer a guaranteed sale, and one that is quick, hassle-free and without fees. If you need to sell, we’re your sure bet. Contact MPG today on 0800 634 9231 to find out more about a guaranteed offer for your home.
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