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February/March 2009

300% MORE INTEREST 300% more registered buyers in January ‘09 proves high demand for property and a renewed confidence! With a steep rise in demand Recovery signs Property prices have now fallen for homes across our offices by 25%, as predicted by many — back to the figures seen in commentators — and with the Halifax January 2008 — have we seen reporting house prices increasing by the end of falling house prices? 1.9% (Dec. ‘08 - Jan. ‘09), the market An unprecedented combination of factors could well be responsible for this swing, making this the best time in a long time to move home.

The wisest are making the property market work for them upsizing now can save thousands.

may well have stabilised... if it hasn’t already started to recover.

The wise upsize There is great advantage in upsizing in the current market. Percentage price drops means that reductions on larger properties are greater than those on smaller homes (see over). The gap between your current home and your next step up the property ladder may never be so small again.

Great rates

Opportunity knocks...

Interest rates are the lowest they’ve ever been in the Bank of England’s 300 year history — and mortgage lenders are starting to compete with some very good deals now available.

With the lowest interest rates on record, a surge in demand, reported increases in property prices and significant savings to upsizing — can you afford not to move? >

Now is the time to get moving! Be wise... and upsize!

An altogether different Prospect.


February/March 2009

Propertyexpress

Why the wise are upsizing g HIGH DEMAND FOR HOMES

+

LOW INTEREST RATES

+

SIGNS OF RECOVERY

BEFORE PRICE CORRECTION

£400K

CURRENT MARKET

£300K

– 25%

£200K Cost to upsize

+

LOWER COST TO UPSIZE

£150K

= £200K

Cost to upsize

= £150K

This illustration shows how upsizing from a £200,000 to a £400,000 home would have cost £200,000 prior to the recent price correction. In the current market, this same move would now cost 25% less, or £150,000 — a grand saving of £50,000!

Value your home. We’d love to! With increased demand, and a shortage of properties on the market, you’re more likely to sell your home now — and for a better price too. We’d be delighted to offer a free, expert, no-obligation valuation of your home to put you in the picture.

EXAMPLE GIVEN FOR ILLUSTRATIVE PURPOSES ONLY. PRICES AND SAVINGS IN YOUR SITUATION MAY DIFFER FROM THOSE SHOWN.

If you’ve been thinking about taking the next step up the property ladder but been put off by the current property market, think again — now could be the ideal time to move on up!

Hook a great rate... ...and catch the wave! .. With interest rates favouring homeowners rather than savers, now could be your opportunity to upsize or invest in property. Great deals available from Prospect Financial Services YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

globrix.

Call Prospect today to get you moving... onward and upward! Reading

(0118) 955 9700

Bracknell

(01344) 869 169

Crowthorne (01344) 778 868 Warfield

(01344) 300 700

Wokingham (0118) 979 7770 Winnersh

(0118) 979 6661

Sandhurst

(01276) 609 070

please recycle me

300% More Interest  

Prospect Estate Agency comments on how the market in early 2009 has started to move... and how The Wise Upsize.

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