Thursday, Nov 20, 2008
Stuatz earlier Christmas cheer for property investors
mortgagestrategy: Consumers set to benefit from development collapse, says Assetz
Homebuyers and investors could benefit from the current market as developers try to sell off their housing stock, says Assetz. The company says that as lower interest rates take effect, coinciding with increasing pressure by banks on developers to sell existing stock and the cost of LIBOR continuing to fall, the cost of financing property purchases is set to dip even further in the run up to Christmas. It says that this, combined with banks putting pressure on struggling developers to reduce housing stock could meand discounts of 30 - 40% bringing about the lowest prices for new build housing ever in the UK.
Posted by jack c @ 03:04 PM (594 views) Add Comment
10 Comments
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1. renting2 said...
The squeeze is on, let's wait to see 60% discounts.
2. mark said...
this is utter rubbish, lower rates are not feeding through to new deals............higher deposits are though..........most want 25% +
3. jackas said...
Thats GREAT news - thankyou so much Ztuart you genius
Does that apply to banking shares as well? They seem to be trading at a discount to their historic price too. This is all brilliant news.
4. rm96696 said...
Why not buy a few holiday homes in spain and bulgaria while you're at it?
5. Landedgentry said...
Stuart really is the Eddie the Eagle of the property world (or whats left of it ).
6. fjcruiser said...
Mayfair will become affordable soon.No need to buy in Spain or Bulgaria.
7. new user 2007 said...
He would be more credible about when he thinks the correct time to pick a bargin was, if he had not been saying it repeatedly for the last 14 months:) In fact, if anyone had listen to him thus far, they would have lost thousands!
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