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Bucking the market

Posted by: katalysis

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The International Monetary Fund recently repeated its view that UK house prices remain overvalued relative to long-term trends. This implies that prices may yet have a way to fall resulting in a feared “double dip”. When asked about the likely impact on the prospects for wider economic recovery in the UK IMF director Jorg Decressin replied “lower prices will be weighing on consumer confidence and could also lead to further impairments on loans as households are struggling to repay especially when the houses are worth less than the mortgages they have.” Not exactly an up beat message and with Wolverhampton particularly hard hit in economic terms its hardly surprising that the Land Registry continues to report historically low levels of sales in the area. Accordingly, you may be surprised to hear, dear reader, that in terms of completed sales we at Rees Page have just had our best September ever. The secret of our success? Well, for a start, we spend a lot of time working with our Clients to get their marketing strategy right for current market conditions. Then, once a sale is agreed our combined marketing and legal team remains focused on getting the deal completed. Undoubtedly, the Clients themselves play a big part as they have to be willing and able to act on our advice but then, of course, they are a discerning bunch!
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