NewsWatch TV Reviews What's the Good News For Property Investors?
2009 has been an odd year for anyone involved in property. At the start of the year there were some fantastic bargains to be had as the media told 'doom and gloom' stories on a daily basis. However, all this 'end of the world' news meant that most sellers who didn't have to move took their properties off the market and have stayed put. Meanwhile, the dramatic drop in interest rates and the government's tightening of regulations on lenders repossessing property has meant that the amount of stock on the market has fallen almost, if not more than, demand fell last year! NewsWatch TV Reviews So we are now in a situation whereby in the auction houses, according to the EI Group data there are less repossessions going through than there were before the credit crunch! Investors are also hampered by the lack of finance available as well as tightening criteria, which means only cash rich buyers can really take part in what bargains can be found at the mo...