FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Why is the UK property market still so soft?

As the revelation that further discounts of up to 6.6% can be negotiated from advertised property prices hits the news wires many people are worried about the short to medium term future of UK property prices. The fact that such discounts can still be negotiated despite the assumption by many that the property market has turned the corner is something of a slap in the face to those with a more positive outlook in the short to medium term.



The truth is that many people in the UK are still chronically overextended on their finances and in desperate need of additional capital in the short term. While some people have made significant gains on earlier properties there are many people across the UK who are still struggling to make ends meet. Even though the UK government has introduced a number of rescue schemes to try and delay any potential home repossessions in the future, there are still significant concerns in the homeowners market.



As long as there are property sellers willing to negotiate further discounts they would appear to be little hope of a short-term recovery in prices. While the additional discount theory does vary enormously throughout the country there would appear to be a general willingness from current sellers to take lower prices.

Share this..

Related stories

Income Protection Jargon Buster

19/01/2015 You may have read our previous article, “What is Income Protection?” and decided that you would like to take measures to protect your wage, if you are ever unable to work due to illness or injury. If you are unsure of the terminology used when looking for a policy, or just want to make sure... Read More

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue