Peter Rollings commenting on the affordability of housing
“There’s no shortage of homes up for sale. Sellers are keen to move on – people don’t stop having families, getting divorced or needing to move house just because there’s a credit crunch. Homeowners are finally being realistic with their asking prices – and in many cases, they’re prepared to be flexible to get a hassle-free sale.
“This is the most affordable property market London has seen in years. But there are a lot of people still standing on the side lines, trying to second guess the bottom of the market. Well, this is it. We’ve seen the sharp readjustment of house prices – the value in the market at the moment is incredible. If you have a 10% deposit, finance is available and it’s a great time to buy."
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