House Price Indices Show Fall in Value

Leading house price experts in the UK have reported that the average house is worth less now that it was a year ago, which is potentially bad news for landlords looking to offload their property or raise capital for a new venture.

Three house price indices, produced by Halifax, Nationwide Building Society and Hometrack, all suggest that prices have fallen by around 1% since 2007. Lloyds TSB also recently predicted a further 10% drop over the coming year to 2009.

They warn that people looking to cash in on property gains by selling now and hoping for further drops before they purchase again, could well find themselves out of pocket after taking into account all the associated costs of selling a property.

To help combat the rising tide of bed news and gloomy forecasts, the UK’s premier homebuyers, Swift Capital, offers a free service to landlords looking to sell property fast. There’s no need to pay substantial estate agent fees, waste your time with unreliable house viewings or provide Home Information Packs.

We can complete in a matter of days, or even hours if your circumstances dictate. And because we pay cash for your property, you’ll get a very competitive price.

Despite the average house price more than doubling over the past decade, many landlords are finding that current market conditions are not conducive to selling off some of their portfolio and enjoying the cash rasied.

Those looking to sweat it out and wait for further price falls could be in for a long wait according to PropertyFinder.com. They argue that prices will need to drop by around 7% before people break even once they take into account the extra costs of selling.

If you are interested in selling a house quickly without all the associated cost, time and hassle of a regular sale, contact Swift Capital today and see how we can help. We will consider any UK property, whatever its condition or previous history.