Monday, July 20, 2009
Category:
Property
According to recent news from the National Association of Estate Agents, there are four house hunters for every property on the market.
The monthly survey conducted in May, showed that branches had an average of 299 house hunters registered. This is higher than the previous month, when an average of 265 people were registered, and also higher than the previous year when the average number of people registered was 247.
The National Association of Estate Agents report that sales were positive for a second month in a row, with the average branch selling 10 properties. This is an increase of 30 per cent compared to the same time last year and twice the average sold in August last year.
Gary Smith, President of the NAEA, said: "This is really good news for the housing market and the UK economy in general.
"NAEA members are showing that there are buyers a-plenty out there. More often than not these are also potential sellers who are at the beginning of the process - so there is bound to be a lag which creates a shortage of properties in the short term.
"With mortgage interest rates at historically low levels and prices now far more realistic than in previous years, home ownership in the UK seems to be set to lead the way out of the recession."
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Homeowners who are thinking of moving to accommodate a growing family, but who love the home they already own, could consider improving what they already have. Those looking for finance could consider a secured loan to fund improvements. Large scale home improvements such as extensions could be funded with a
secured loan. Home extensions can provide extra space for day to day living such as a larger lounge or a play room for children. Additional bedrooms can also be of benefit where a growing family is concerned. Not only can this provide extra space for children to sleep, but somewhere for Grandparents to stay. Secured loans are one of many options to fund home improvements.
