Will London be inside a property bubble by 2017?
Some experts have warned that London is in danger of being enveloped by a housing ‘bubble’ by 2017 – meaning that the cost of buying or renting will be unaffordable for people who work there.
While high property prices seem positive, they can often cause economic problems if they get out of control. For example, new research has shown that an 11% rise in London’s average home price has not been mirrored by the same increase in average wages – potentially forcing workers to look elsewhere and creating the risk of a crash.
Though London is an extreme example, discrepancies between living costs and earnings can affect lots of areas across the UK. Strong demand for properties can mean that individual UK property buyers take risks when offering to buy homes, then have to withdraw later if they can’t obtain the funding they need from a mortgage lender.
If you want to sell your property fast, therefore, it’s wise to set realistic goals – especially if you want to make a sale quickly and without hassle. Getting a cash offer for your house from a UK house buying expert might not generate the massive funds of pricing it at the top of the open market, but a solid, reliable house sale is worth a great deal in other respects.
In sequences where property prices are very high like in London and estate agents are not flying homes out the door as quickly as they are needed then property owners can turn to National Homebuyers who guarantee to buy a house or property within 30 days with our fast house sale process. We buy any house within the UK regardless of its condition.
If you want to sell your house fast, contact National Homebuyers for advice, as we buy any house for cash. Call 08000 443 911 or request a call back to find out how much you could get for your property.