National Homebuyers: 'Fast Property Sale - Prices to fall next year'

Many people will be seeking a fast property sale after Allied Surveyors forecast that some property types will lose value in 2008.

[ClickPress, Fri Dec 21 2007] The firm anticipates that first-time buyers (FTBs) will find it more difficult to get onto the property ladder in the new year as the global credit crunch continues to have an effect.

In addition, Allied Surveyors predicts that one and two-bedroom flats will begin to lose value.

"[There will be] a decline in the price of one and two-bedroom apartments which are currently making up large percentages of city centre property types. We are already beginning to see that decline now," said Robert Bryant-Pearson, chief executive of the firm.

"Unfortunately many first-time buyers are finding it harder and more expensive to get mortgages.

"Whilst some lenders are predicting little or no overall change in house prices for 2008, this masks the fact that there will be certain sectors that will see a decline," he continued.

With many property types set to lose value in 2008, many people will be seeking a fast property sale in order to get the best value for their property. Quick sale property expert Julian King adds, "Most properties in most areas will see their velue fall in the coming months.

"This is a continued effect of there being uncertainty in the market, the introduction of Hips, overvalued prices and a lack of buyers because of amendments to lending criteria.

"Out analysts are predicting further growth in the number of properties National Homebuyers will buy in the coming year".

Mr King is a director of National Homebuyers, the UK's leading fast property purchase firm, guaranteeing to make an offer on any property in the UK, regardless of its condition or location for vendors who need a quick sale. The company also offers a Sell and Rent Back mortgage rescue scheme for homeowners who want to release equity in their homes.

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