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Rightmove Warns that the UK Housing Market faces “Paralysis”

Property website Rightmove believe that property prices will remain largely stagnant for the remainder of the year. They have found that the majority of sellers are either refusing to lower their prices any further or simply can’t due to a lack of equity in their property.

Rightmove have also said that the stagnant market is seized up due to the lack of mortgage lending which has outlawed a number of would-be property buyers.

For many who are planning on Emigrating they may have to wait a bit longer than anticipated before they can sell their home and move abroad. Even sellers who aren’t as desperate who may have an inherited house that they wish to sell, simply can’t. Probate sales used to be hot property at the height of the market, nowadays the type of discount sought from a probate seller can be found from your average seller.

Rightmove has reported that last year only 43% of sellers managed to find a buyer. More sellers have entered the market this year and they now forecast that the chances of selling your home in the next 12 months is less than 40%.

If you require a Quick Sale for any reason, maybe you just wish to release some inheritance….. Speak to us first and we can provide you with a fair market leading offer.

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