Home clearance sales ‘big help for FTBs’
Graduates looking to purchase their first home will benefit greatly if home clearance sales grow in popularity, an economist has suggested.
Seema Shaha of Capital Economics said that that home clearance sales are a big help for first-time buyers (FTB) who have recently found it difficult to get onto housing market because properties have been overvalued.
Her comments come after Countrywide held a clearance event in Glasgow on Saturday, offering homes sold at knock-down prices of up to 40 per cent.
Prospective buyers queued overnight, with the biggest discount being a penthouse flat in Kilmarnock which was originally on the market at £245,000, but sold for £150,000, reports the Guardian.
Ms Shaha said that for anyone who wants to get onto the housing market, home clearance sales are "good news" - which might interest graduates considering mortgages for professionals.
Hometrack's latest house price survey, published in October, reported average property price falls of 7.3 per cent over the previous 12-month period.
To book your free initial consultation with mortgages for professionalsclick here.
Seema Shaha of Capital Economics said that that home clearance sales are a big help for first-time buyers (FTB) who have recently found it difficult to get onto housing market because properties have been overvalued.
Her comments come after Countrywide held a clearance event in Glasgow on Saturday, offering homes sold at knock-down prices of up to 40 per cent.
Prospective buyers queued overnight, with the biggest discount being a penthouse flat in Kilmarnock which was originally on the market at £245,000, but sold for £150,000, reports the Guardian.
Ms Shaha said that for anyone who wants to get onto the housing market, home clearance sales are "good news" - which might interest graduates considering mortgages for professionals.
Hometrack's latest house price survey, published in October, reported average property price falls of 7.3 per cent over the previous 12-month period.
To book your free initial consultation with mortgages for professionalsclick here.
