July 30, 2008

South East property holds on

Listening to the news, anyone would think that the price of property in the whole of the UK is in free fall! However, this is not necessarily so in all areas and is particularly not true in the South East corner of the UK.

Nevertheless, recent reports are showing the price of property in the region is not in free fall at all, in fact far from it.

True that property prices may have fallen slightly, but this only on figures that were last year, which means yes the property may have stagnated or fallen slightly but only a very small amount and this would only effect a property purchased within the last year.

The problem which face property sellers are the buyers who feel that because the market is suffering due to lack of buyers that they can offering sums which are considerably lower than the market value, this really would have effect on the overall property market.

Source [The Property Adviser]