Property House Prices rental property Future 2013
We continue to believe that the market will soften in
most areas towards the end of the year. Fewer homeowners are likely to put
their properties up for sale. Media and property prices reports of the market getting
worse
Buyers will stay where they are, forcing desperate
sellers to drop their prices or sell via auction.
Looking towards the future, 2013 is
critical for the property markets. Six years into the credit crunch, double dip
recession is going to deepen or will we see recovery. The key fact is that we
have to accept the situation and work towards lower pricing to capture buyers
attention. Potential buyers (first time buyers) are staying put in rental
property /accommodation.
2013 we will also see if the new
government schemes which were introduced in 2012 will have any impact on the
market. However unless buyers are feeling confident about stepping onto the
property ladder and are keen to take on the responsibility of owning a property
during a depressed market..,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, prices are
likely to fall further.
Property Rents are on the rise, demand in the rented residential property
is on the up, with more tenants than
properties available.
If you
have a vacant property and seeking tenants then do let us assist you. We work towards
your satisfaction but keep to mind that lowering demand brings happiness and the
yellow brick road pointing towards recovery. Landlords its your domain for now
but remember the more you demand the more you will lose in the long run.
