25% of houses will need to be sold in 2009 as a direct result of the credit crunch, the Telegraph.co.uk has reported. This shocking figure was revealed by Savills, a global real estate service provider.
Lending weight to this projection is the fact that homeowners all over Middle England are slowly starting to sell their properties, states the Telegraph. Estate agents emphasise that it is homeowners who should really be financially stable who are being ‘forced’ to sell – often, homeowners earning sizeable salaries and owning large houses.
The credit crunch is taking a serious toll on homeowners from all over. Speaking to the Telegraph.co.uk, Jonathan Hewlet of Savills explained, “The middle classes are taking greater control of their spending power,” and “belts are being tightened. The current market is not going to affect the multi-millionaire, but those with a restricted budget and outgoings such as school fees are beginning to know their limitations.”
With the credit crunch in full swing, homeowners are paying more and more on their mortgages while their salaries are not rising accordingly. It is for this reason that many are selling and looking towards either renting property, or significantly downsizing and buying smaller houses.
MPG Investments has the ideal solution for any individual wishing to downsize without losing their beloved home. You can now sell your property to us for cash – giving you that instant financial boost you need – and then rent your property back from us at an affordable rate.
MPG’s Sell and Rent Back option is the perfect solution to selling your house quickly, without the hassle of having to move house. If you are interested in selling your house within 7 days – for guaranteed cash – contact MPG Investments on 0800 634 9231 for the easiest and best solution in these difficult times.
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