img

Are We In A House Price Bubble?

[vc_row full_width="" parallax="" parallax_image=""][vc_column width="1/1"][vc_column_text]Despite the talks of a slowing or 'sluggish' housing market, many people in the United Kingdom are growing fearful of an impending 'housing bubble.'

Fears of a house price bubble

These fears are fueled by the rise in housing prices that's expected to affect the entire United Kingdom throughout the next few years. Last year, as an example, housing prices in the United Kingdom increased by 8.4 percent on average, which was activity fueled by a 'surge in property values' that added about £40 (per day) to the price tag of British homes.[/vc_column_text][/vc_column][/vc_row][vc_row full_width="" parallax="" parallax_image=""][vc_column width="1/1"][vc_single_image image="1030" alignment="center" border_color="grey" img_link_large="" img_link_target="_self" img_size="450*450"][/vc_column][/vc_row][vc_row full_width="" parallax="" parallax_image=""][vc_column width="1/1"][vc_column_text]Though, the aforementioned fears are mainly driven by the prospect of housing prices rising to heights unattainable by people living on conservative wages. According to several housing resources, many first time home buyers had difficulties entering the housing market, with the average home deposit reaching at least £31,000. That figure is known to be double the amount that first time home buyers paid back in 2006. Thanks to data like the aforementioned, it might be possible that a housing bubble might develop in the United Kingdom. Despite the fears, there's no absolute proof of a bubble forming any time soon - at least, until the news of an existing housing bubble hits news resources.

Preparing for a housing bubble?

Although there might be a housing bubble in the horizon if prices don't plateau at some point, home buyers and sellers shouldn't fear the open market. There are many options that they can choose for attaining housing that don't involve mercilessly watching the market. Homeowners who are selling, as an example, have the option of working closely with an estate agent to ensure they have an easier time selling their home on the open market. While some homeowners want to sell their home for its suggested value, others fare well with capturing a buyer who's looking for a more conservatively priced home.[/vc_column_text][/vc_column][/vc_row][vc_row full_width="" parallax="" parallax_image=""][vc_column width="1/1"][vc_single_image image="1036" alignment="center" border_color="grey" img_link_large="" img_link_target="_self" img_size="250*250"][/vc_column][/vc_row][vc_row full_width="" parallax="" parallax_image=""][vc_column width="1/1"][vc_column_text]Of course, you do have to research the market and find an estate agent before going that route. For some homeowners, it takes too long for their tastes. Others, however, prefer selling their homes with the knowledge that a buyer wants to own their former home. Others choose to sell their home to a company that will pay them cash for their efforts. With the current state of the market as it is, many companies who handle those duties are advertising to homeowners looking for a quick house sale. Although many of those advertisements are enticing, it's important that you do research first, as many companies that want a 'quick house sale' might be hiding scams. Reputable companies that help you sell your house fast are often the last resort or the first choice of sellers wanting a quick house sale for a proper buyer. So, remember, even if many resources predict that the UK housing market is 'on the cusp of a bubble,' there are still ways to sell or even buy homes nowadays.[/vc_column_text][/vc_column][/vc_row] [vc_row][vc_column width="1/1"][vc_cta_button2 h2="Get Instant Cash Offer For Your Property" style="rounded" txt_align="center" title="Up To 100% Cash Offer" btn_style="rounded" color="mulled_wine" size="lg" position="bottom" link="url:%2Fppc%2Fppc-100-cash%2F||"]No Fees. No Hassle. No Obligation.[/vc_cta_button2][/vc_column][/vc_row]

Recent Comments

There is no comments for this post.