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Many properties are sitting on the market unsold Scarpe nike air force 1 scontate , much of this is due to a lack of demand and also the difficulty in borrowing, but another significant factor is a unwillingness of homeowners to drop their price tag – particularly homeowners who bought property inside boom and are now in negative equity. The quantity of property transactions did increase in July but, compared to the same time last 12 months, are still down by 10%. In July this year there were 79, 000 properties sold on the market – this can be in comparison to July 2007, during the property boom, when over one humdred and fifty, 000 properties were available. The small increase in house sales is due to homeowners finally bringing their asking prices down to a more realistic level rather than signal that the market is recovering.


Is now a good time to invest in UK property?


Clearly the home market is still struggling and it’s also very much a buyer’s rather than a seller’s market. Prices are low and therefore now is a superb time to buy. A lot of prices are superficially being organized as people are unwilling to sell their homes for so much less than their mortgage, when the economy begins to recover it is clear that will sales and price will begin to rise as well, so it is a good time to benefit from the difficulties in the housing industry. Furthermore the young generation have been dubbed ‘generation rent’ because youth are finding it so difficult to get first-time buyer’s mortgages, this inability to pay for property and their difficulty in saving has result in a shift in attitudes in preference of renting rather than investing in accommodation. With rents reaching record highs investing in property to let is a worthwhile UK property expense.


As many home owners face the inevitable together with drop their price in order to get a sale, keen investors should a lot more than residential housing market although prices remain so small. Particularly those who have their finances to be able to invest in buy-to-let as ‘generation rent’ gets control investing in rented accommodation could prove an incredibly lucrative market.
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