The Centre for Economics and Busines Research predicts that the UK house market will bottom out within at most six months and prices will probably rise by 30% during the following three years. This supports the views of the National Housing Federation expressed last week.
The reasons are basically simple:
Very litle construction is taking place at the moment and demmand is beginning to outstrip supply; driven particularly by such groups as divorcees and immigrants,. In the medium to long term, market fundamentals do not change.
Now is a good time to buy both in Tenerife and in the UK not least from plans where you contract at todays fixed prices and have a potential 30% gain before closure date!
Furthermore, there is also a liklihood that the B of E will cut base rate of 5% to possibly 4.25% early next yeart if not indeed later this year.
Overall, the market is very much inclined towards the buyer now.
info@pci-international.com
Tuesday, August 5, 2008
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