The crash of the real estate market has dashed the hopes of many Britons who expected to sell their homes this year and move into large properties. The inventory of homes on the market is in excess with foreclosures and the homes that have been languishing on the market for many months. (more…)
Posts Tagged ‘DIY’
Recession Forcing Britons to Do Their Own Renovations
Saturday, May 16th, 2009
Avoid knocking the value of your home down further
Thursday, April 3rd, 2008Many homeowners in the UK may already be harbouring concerns over falling property values, with industry professionals predicting that property prices could fall by up to 20% over the next couple of years. This could really affect those that have recently taken on huge mortgage for expensive properties, as it could mean that their home loses value very quickly, leaving them in negative equity, where they owe more on their property than the property is actually worse. (more…)