What is The Next Move for Cash Rich Buyers in The Prime Central London Property Market?
February 18th, 2009London, UK ( Prfriend ) February 17, 2009 – The green shoots of recovery have apparently been sighted. January house prices were up 1.3% according to Halifax. “Gazumping” is back according to various newspapers. Should cash rich buyers pounce in this “window of opportunity” before house prices take off again?
“Unfortunately, many wealthy buyers may find this a window of opportunity in which to lose a lot of money” says Jeremy McGivern, Managing Director of the internationally renowned property search agency, (http://www.mercuryhomesearch.com) Mercury Homesearch. “Buying just because the market is cheaper than it was does not make it value. I could have bought the FTSE at 5100 in July 2008 – a 23% discount to the peak. We all know what happened after that.”
The property market is a different beast to the stock market. However, whether you are buying London’s finest residences as a home or as an investment, you must make sure you are making an astute decision.
Jeremy can show your readers:
• Why the majority of advice and statistics on property are useless.
• Why the market is rigged against buyers.
• 11 questions buyers must ask themselves before they decide to look for a property.
• 3 proven methods for finding the best property within your criteria.
• The simplest way for buyers to tell if they are about to make an expensive mistake.
• The single most effective negotiating tactic which will give buyers the biggest reward.
• What buyers have to do if they want to buy successfully.
For more information please contact Jeremy McGivern on +44 (0) 7780 696394.
Jeremy has featured in numerous publications including The Financial Times, The Wall Street Journal, The Times, The Daily Telegraph and Spear’s Wealth Management Survey.
Contact:
JEREMY MCGIVERN: +44 (0) 7780 696394
jeremy@mercuryhomesearch.com
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One response
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February 19th, 2009 at 4:06 am
Without any real chance that a significant bounce will occur after the property market hits bottom, the benefit of pre-guessing the bottom of the property market is minimal.
Property investors, landlords and home buyers are best sitting on their hands before second guessing and avoid catching a falling knife.