|
|
| Industry News |
|
| News » Residential Property Law » Swift legal help may be needed as undersupply reported |
|
29/06/2009
Swift legal help may be needed as undersupply reported |
|
The number of people looking for a house is presently four times that of the total available, it has been stated.
Founder of property website Briffy.com David Amstell commented that the situation was reminiscent of 30 years ago, when house sale numbers were low due to the negative equity situation faced by many.
He remarked: "There's four buyers for every house, but the fact is that everybody's sitting on their houses because nobody wants to sell when the prices are low," noting that in the 1970s people tended to wait for prices to rise before putting homes back on the market.
In such circumstances, those keen to buy a home may need to find a property lawyer who can progress the sale quickly, in order to clinch the sale before another offer comes in.
Recent figures have suggested house prices may no longer be falling in the UK.
The Hometrack statistics for May showed that the average was £155,600, the same as in April.
 |
| |
| Related Articles |
09/03/2010
2010 'will be a good year for landlords'
This year could be a good time to seek a conveyancing lawyer with a view to purchasing a buy-to-let property.
|
04/03/2010
Both landlords and tenants 'will benefit from green home scheme'
Both buy-to-let landlords and tenants will see benefits from a new green housing scheme announced by the government this week.
|
03/03/2010
Britain 'is becoming a nation of renters'
More British people than ever are choosing to rent properties rather than buy them, new research has found.
|
24/02/2010
Landlords 'could be eligible for refunds from letting agents'
Landlords of residential properties may wish to contact their property lawyer after it was revealed that they could be eligible for refunds from letting agents.
|
22/02/2010
Evictions fall as landlords sympathise with good tenants
The number of evictions from rented properties is falling as landlords seek to retain good clients and sympathise when they are in financial difficulties.
|
|
News Archive |
|
|
|
|
