Friday, October 2, 2009
David Smith, senior partner at property consultancy Carter Jonas, thinks now is the ideal time for home owners to sell up. "We are in the eye of the storm, at present. "House prices are rising, due to a combination of low supply and more positive news generally emerging from the economy, and yes we are almost certainly past the worst, but we have to expect more turbulence ahead, specifically as a result of rising unemployment and interest rates. "This toxic combination will bring more property onto the market as people struggle to meet their repayments, which will apply downward pressure on prices and potentially reverse the recent trend, at least for a time. "As a result, we are saying to anyone wishing to sell in the near future that now is the best time to do so."