House Prices to Drop 10% Amongst Corona Virus

House Prices to Drop 10% Amongst Corona Virus

Ray Boulger of John Charcol (mortgage broker) is currently warning that house prices are likely to fall by 10 percent over the rest of this year due to the virus crisis.

They’ve been quoted as saying that March is likely to be the peak of house prices for the year across the UK.

It’s not just because of economic uncertainty, but also the “practical problems of surveyors visiting homes to prepare a mortgage valuation”. This will have knock on effects as many people who had planned to move this year are likely to delay and it will become difficult to put property chains together.

Interestingly, Charcol are also suggesting that this could be good for first time buyers due to the inability to put together more complex buying chains. This will put them in a great positions when they decide the time is right to buy.

The Disadvantages and Advantages of Downsizing

Most people aspire to own large homes and gradually move up the property ladder over the course of their lives, but many people..

How to sell an inherited house quickly

It's always difficult when a loved one passes away – there's the grief you feel and then there's the complicated matter of dealing..

Sell A House With A Broken Boiler

Are you selling a house with a faulty boiler, and you don't know what to do? Selling property can be a highly profitable undertaking,..

Guide To Selling Property Privately

Are you looking to sell your home as cost-effectively as possible? Perhaps you need to sell your house fast? If that's the case, then..

Can I Sell My House Without An Estate Agent?

If you've decided to put your property on the market or you simply need to sell your house fast, you may have heard that estate agents..

How To Sell A House In The UK As A Non Resident

Do you own property in the UK, but you currently live abroad? If you're a non-resident selling UK property, you're probably asking the..

About the Author: MikeL

MikeL

Related Posts

Get your cash offer NOW!

Recent Posts