SUNDERLAND, England, April 10 /PRNewswire/ -- UK Property Bank (UKPB), one of the country's premier home buying and chain breaking providers, has confirmed that, despite recent house price falls, it is to increase its house buying activity. It reports that demand remains high for its quick house sale service as people continue to move home despite worries over declining property values. This follows yesterdays report from the Halifax that prices had declined by 2.5% in March, the biggest monthly fall since 1992.
"People still need to move home and to some extent the market is stimulated as sellers reduce prices. Now is a great time to trade up as any perceived fall in the value of a property you are selling is more than offset by the discount you are able to get on the property you are buying," reports Jim Akin, sales and marketing director. "We are currently helping many people to become cash buyers for their next property so they can bargain hard for their trade up property in a buyers market. It really works and there are great opportunities available."
UK Property Bank will buy your property quickly, typically within 6 weeks, but at a discount to market value. "We are presently maintaining our percentage offers to new customers but what is happening is that valuations are coming in at lower figures than asking prices. This is a sure sign that house prices are falling," warns Mr Akin. The moral seems to be that if you want a quick sale you will need to accept a significant loss on your sale price expectation, but this may be more than offset by what you can negotiate on the property.
Mr Akin subscribes to the soft landing view of property value "There seem to be too many positives to allow a crash. Interest rates are fairly low and we have reasonably full employment. Also there is an undersupply of property and whilst values have become overcooked in recent years there should be a progressive realignment. Indeed natural inflation may mask any decline and we may simply see a period of zero growth."
UK Property Bank buy residential property throughout England Wales and Scotland. Their website is http://www.ukpb.co.uk
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