Peter Rollings commenting on the affordability of housing
Tue 21 Oct 2008
Theres no shortage of homes up for sale. Sellers are keen to move on people dont stop having families, getting divorced or needing to move house just because theres a credit crunch. Homeowners are finally being realistic with their asking prices and in many cases, theyre 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. Weve 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 its a great time to buy."