Sellers Outweighing Buyers-Good for Investors

April has seen the biggest jump in unsold properties since May 2007 with the agents having an average 74 properties on their books compared to 70 last month.

Recent reports have shown the sellers have still increased asking prices by 1.7 per cent (average) in April, according to Rightmove. 
 

Capital Economics Paul Diggle says: ‘People need to stop thinking of their homes as a cash cow and start being more realistic. Profit on property used to be a one-way bet, but that’s not the case any more.’

With the uncertainty over the economy, the wider cutbacks and the means to access a mortgage, cash rich investors are in a position to pick up some very good bargains in the present market.