House Price Crash Ipswich Suffolk

Are house prices going to crash to rock bottom? are banks going to stop lending and securing loans over property? are we all going to end up in total dispair? the answer I am sure you will agree is a resounding NO, but times are going to be tough.

Ipswich prices have fell dramatically, luxury flats brought at £240k are now being repossessed and picked up for a mere £120k! We are being told by seasoned property investors that the market is correcting itself but on a plus side, rent yields are on the up! But are they? Having interviewed Nelsons Estates Ltd www.nelsonestates.com a Suffolk letting agent tells us that prices have not really changed that much. Rents are still stable but as Landlord get more desperate to minimise rental voids, then rents could begin to fall to attract the tenants as the glut of empty flats continues clogs up rental lists

The only sector that seems to be doing well is the 3 bedroom houses, demand is still high for these types of properties and thus rents remain stable and possibly on the increase.

So does this mean sell your home fast ? perhaps? Watch this space.

The Timely Property Team