House Price and Property News and Information.

Clearance sale for property

There are some startling figures that have appeared in the last week or so one of which is that in the US as many 6% of home owners have defaulted on their mortgage. This gives their new leader and uphill task before he has even started. A job for young man if there was one…this has caused the value of homes to slump as there are even more cheap properties for sale.

In addition, the latest predictions as to the lowest point of the housing crisis have pointed at a 25% drop on average prices by 2009 with new build housing expected to suffer most especially ones built in the last 10 years. London, university towns and the usual suspects (Edinburgh, Manchester and parts of middle England) will be the first to see a recovery and growth.

Desperate sellers in Scotland have slashed up to 40% off the prices of their properties with an extra £5,000 off for same day cash purchases. This clearance sale for property

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