House Sales Uk – Are The Special Circumstances Of The Present Financial Chaos Actually Keeping Prices Up?
By tk | November 27, 2008
House Sales UK may appear to be in a bit of a slump, but there’s a hidden and potentially disquieting feature that might be keeping values at levels which are higher than they normally should be in the current economic chaos. Paradoxically this state of affairs is all down to the way the current economic chaos is hammering the big banks, their reputations and therefore their ability to raise funds and balance their books.
At the moment there’s an ever growing number of individuals and Companies that buy Houses who are buying Properties just to have a safe home for their cash. These individuals and companies are cash rich. In normal circumstances, we’d say they were lucky to be cash rich. However, at the moment, being cash rich has all of a sudden become a very disturbing situation to be in.
Individuals in the UK only have the first £50,000 of their savings in a bank assured by the government. Companies have no protection at all for their cash at the bank. That makes them unusually keen to put their savings into something much more solid, because banks like any company can fold and disappear overnight, taking all their shareholders’ and customers’ cash with them.
Properties, on the other hand, can’t just disappear, and it’s absolutely unimaginable that their values can slip to absolute zero unless the whole western monetary system breaks down. It’s true that no-one knows how far House Sales UK are away from the bottom price wise, what is absolutely sure is that the current economic chaos has just about completely halted all Property building. This means that it’s very likely that there’ll be a real & prolonged shortage of Properties to purchase as soon as the economy picks up and confidence starts to come back.
That’s why there are lots of people and Companies that buy Houses all trying keenly to get their “We buy Houses” message across to us all.
Their plan is to hold only just enough ready cash on hand to keep their liquidity at a safe level, and to spread this money many different Banks, so that if one fails, they’ll at least only lose part of their funds. After that, it’s quite simple, they just need to hold on to the Properties they’ve bought until House Sales UK values hit the bottom, then climb back up to beyond today’s price levels.
So, if you want to sell a Property quickly, and you're ready to give a discount on the price in return for a quick completion without the need for estate agents & other fees, just call one of these companies or individuals that are advertising all over the various media, and challenge them to live up to their “We buy Houses fast” claim.
Topics: Real Estate |
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