investment news

THE END IS NIGH!
8th March 2009

The property market has suffered a downturn over the last 11 months or so, but this now means that there is a bit of reality out there regarding sale prices.

It has taken a long time for sellers to accept that those times have gone and properties prices have moved gradually downwards to a point that I believe we are around 2 to 3 weeks away from the bottom of the market in Aberdeen.
There are three reasons for this view
1. The government?s initiatives should start to mean that more money is available to the banks to lend out again.
2. Confidence appears to be returning within the national press-they are trying to find signs of an upturn instead of reporting doom and gloom as was the want for most of the last quarter of last year
3. At K.W.A.D we have seen a lot of daily activity over the last two weeks or so with requests for quotes by prospective purchasers, sometimes more in a day than in two months at the tail end of last year

As buyers do return to the market, the existing stock will be sold off and we may even start to see closing dates again for one bed flats as demand does not keep up with supply.
Sellers may or may not be aware of this, so any offers put in just now may be grabbed by sellers and at prices perhaps as much as £15-20,000 below the market price a year ago.
If you re thinking of buying,then the time is right to do it now in this window of opportunity.

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