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Latest News
<< Most Recent Articles
UK property market is now 'buyer-friendly'
The UK housing market is now in a position where the buyer has the upperhand, according to a property industry commentator.
Paul Holmes, chief operating officer of Firstrung, said that with the slow-down in UK property sales buyers might now be able to offer less than they previously could, confident in the knowledge that they are not in a situation where they have to rush into any deal.
However, Mr Holmes noted: "First-time buyers may be in a better position than for a long time to negotiate the price down, but finding a mortgage in order to complete the purchase is a completely different issue."
In related news, the building society Nationwide reported that house prices fell for the sixth consecutive month in April with the average cost of a property now being £178,555, down one per cent from this time last year.
See how much you could borrow with a home loan from Lombard Direct
© Adfero Ltd
28/05/2008 13:49:04
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