Every month it seems property market figures either stay the same or decline, but recently, experts have been suggesting that there is light at the end of the tunnel. In their 30 May monthly report, Nationwide Building Society declared that the market is ‘gradually gaining momentum’, reporting a 1.1% annual increase in property prices—the fastest annual rise reported since November, 2011.
As we slowly start to see signs of recovery, has the economic downturn had a long-term impact on buyer behaviour?
Price vs. Quality
Property portal Rightmove (20/05) recently suggested that buyers have dramatically altered their priorities since the recession. Price and quality are analysed in far more depth as buyers try to get the very best value for their money, and many are now thinking about the ease of re-selling a property before they’ve even purchased it. With a more selective buyer population, we’ve put together 10 tips for selling a home in the UK. When it comes to home improvements, sellers should be making these before they enter the market. You wouldn’t invite people around for a party and then start blowing up balloons and making sandwiches, so why put your house up for sale and then start the DIY? (more…)