Slowing UK housing market has seen many sellers concerned and looking more and more at various ‘we buy any house’ websites. The reason for doing this is also justified.
That is because of the fact that summers of 2017 are showing some slowdown in prices. While the house prices grew quite well from 2014-16 but now the trend has changed slightly. Probably this is why home buyers are becoming more cautious that chasing every new house on the market.
The situation might even get worse before it gets any better because just listing your property with an estate agent will not get your property sold quickly.
Reasons for Current Slowdown in House Prices
Let us take a look at what is causing current slowdown in house prices. It is said that house prices double every seven years in UK on average. At the moment, this doesn’t seem to be true. In the period 2007-10, property prices fell significantly due to ‘Credit Crisis’.
During this time, home buyers found it difficult to get mortgage finance. Sellers struggled to find house buyers. But landlords saw the opportunity to go on a buying spree with Buy to Let mortgages. This improved the situation quite a lot for UK housing market.
The problem, nowadays, is that property experts are predicting that house prices are due either a stall or correction. The reason that is given by the experts is that the prices have simply risen too much. Property prices are so high that they are not only out of reach for average first-time buyer but even for second and third time buyer.
Now the unfortunate part is that when prices are this much high, this causes the market to slowdown a great deal. The ultimate result is that house prices either stand still or in the worst case, fall in value.
How do ‘We Buy Any House’ Companies Help?
For anyone who is looking to sell their property quickly, there is a ray of hope for them. ‘We buy any house’ companies are a very good alternative to get out of this situation. Rather than going to an estate agent to sell your house quick, you could easily find any cash property buyers online.
But before Google searching your desired property buyer, do take time and check out their reviews before making any final decision. In this way, you will better know how the company you are choosing have treated their previous customers.
Sell Your House Quick with Swift Property Buyer
When it comes to selling your house quick with ‘we buy any house’ companies, you can always opt for Swift Property Buyer to get your job done. We buy any house in any condition in and around Luton.
If you are looking to sell your Luton property on cash, see how we can help by calling us and booking a free face-to-face valuation.