Correction or Collapse?
That is the question on the lips of many but only time will tell. The Nationwide house price index has recorded a decline in property prices since summer 2017 and to the surprise of many, even the London property market has been affected.
It has been hinted that London’s property market is going to be hit the hardest when Britain leaves the EU after a price drop of 1.6% this year alone. Hamptons International released figures which highlight a record number of Londoners leaving the City life and moving up North. They claim that during the first 6 months of 2018 just under 30,300 Londoners moved out of the Capital, a 16% increase on those who made the move during the same period in 2007.
Value for money may be one of the reasons behind the new-found love of the North and to put things into perspective, you can purchase a large detached house in the City of Birmingham for around £425,000 compared to a 2 bedroom flat located above a row of shops in East London.
I know which one I would choose!
Property experts have agreed that the dramatic rise in property prices experienced over the past 5 years had come to an end but if you have your property on the market or are looking to sell your house in the near future, please contact OK Property before the housing market situation worsens and your property is worth less than your mortgage debt!
OK Property can purchase your home in a matter of weeks rather than months with many cash sales taking place between 2-3 weeks compared to 3-6 months if you were to find a buyer via the traditional estate agent sales method.
What also makes OK Property very different from high street estate agents is that we are happy to buy your property in any condition which means that you don’t have to spend time renovating or decorating your property to make it open market friendly. This will save you time and money.
Another advantage of using OK Property is that you won’t have to pay us a penny for selling your home unlike estate agents who charge you a fee either calculated on a percentage basis or a fixed fee for selling your home, no matter how long it takes!
We also pay for your legal fees meaning OK Property is by bar the best way to sell your home quickly, easily and without spending a fortune on fees!
Please contact us and speak to our experienced team with any questions you may have or to book a free, private and confidential, no obligation property valuation.