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Never ending property sale
{ 4:46 PM, Sunday, January 10, 2010 }
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In what feels like the longest house sale every my Brother in law still hasn’t brought his house. He was told that he would be moved in by Christmas but we are part way though January and he is still not any where near moving in. The last time we had an update on what was happening the solicitors had not even bothered to look at the papers involved and no money had been exchanged so in the mean time he is still paying rent. I don’t know how solicitors get away with it; they get paid a fortune but never seem to get anything right. When I brought my house they delayed us by a fortnight because it was a repossession and they messed up some important papers. It seems now that there is even more delay as there is now a new for sale sign up in the garden with a new company so it could be that the owners have got fed up with waiting and put it back on the market. I was surprised to read that in 2009 property prices actually went up 6% over the whole year. After what seemed a terrible time for the economy one area is recovering. What will happen to property prices in 2010 is anyone’s guess none of the experts seem to agree. Some seem to think that we are going to see the improvement continue whiles others say we could see a decrease in house prices by 10%. It is expected that interest rates will be kept at 0.5% for 2010. You would have thought that because interest rates are low, then mortgages rates would be low. But the greedy banks are just using the low interest rates as a way of making more money. The high interest rates could put property buyers and home buyers off during the year. During 2009 property prices were driven up by the lack of supply, but with the prices higher more people could decide to sell. If this happens prices may dip during 2010, I think the best thing to do is watch the property investors as it is their livelihood to know what is going on.{ Post a Comment } { Last Page } { Page 25 of 165 } { Next Page } |
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