London, United Kingdom (PressExposure) October 20, 2009 -- Decision Homebuyers, one of the UKâs most trusted and flexible home buying specialists, now track the ongoing instability in the housing market.
Any recent increases in house prices are a blip if Oxford Economicsâ latest âthink tankâ is to be believed - predicting a 12.2% slump this year and a further 4.6% in 2010 before a house prices slowly increase in 2011.
This is a marked contrast to forecasts from Nationwide and Rightmove who after recent price rises heralded a change for the better. Figures from Halifax also showed a 1.1% increase in July, the second rise in three months. Furthermore, estate agents claim sellers are in a stronger position recently with properties spending on average 5 weeks on the market - down by 2 weeks on Q1.
Conversely Oxford Economics research suggests that some homeowners may be stuck in negative equity for at least another five years until the market begins to recover in a sustained way.
With such contrasting predictions of how the housing market will perform, the message seems to be that it is still in a state of instability and it is far too soon to call any market rise a ârecoveryâ.
âItâs hard to know how the housing market will perform but one certainty is that for many reasons people need to trade up regardless,â says Laurence Smith of Decision Homebuyers. âWe make selling your house simple and guarantee a cash offer on any residential or commercial property - see if we can help you make a positive step and beat the recession.â
To find out more about Decision Homebuyers and their services please call 08456 341 456 or visit: http://www.decisionhomebuyers.co.uk/