For the 5th successive month in a row (during June) the number of mortgages approved for house purchases has risen This is good news for the property market as many seem to be moving away from renting and climbing up the property ladder.

Economists have warned though, that as the recession continues, and unemployment rises, property prices could be set to keep falling for a while longer yet.

I think that part of the reason more people are now getting mortgages is because they have the potential to put in lower offers on properties and have the offer accepted as sellers are eager to take offers close but potentially just under the asking price to push through a quick sale. The longer they wait for an offer which matches their valuation they could find that their home has in fact decreased further in value. My brothers girlfriends’ sister has seen her house drop from £160,000 to £135,000 over the last couple of years and they are now looking at accepting lower offers as they need to move to accommodate their 2 (and soon to be 3) children.

Lets hope that everything picks up again soon.

Options to consider:
The Removals Surrey specialists WH Cox and Sons are ready to help you move house!
Wooden flooring at reasonable prices
Tomy Baby Monitor is best to keep an ear on your tot
www.blueprintjoinery.co.uk the Solid Wood Flooring experts
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This entry was posted on Tuesday, August 18th, 2009 at 8:06 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.