We want to use these surveyors!  When optimism sets in valuations start to come in on the money.  This means no going back to the vendor and trying to get him or her to discount further and investors buying properties with little or no money.

 

It is strange that surveyors think this as price rises can only occur with the availability of finance.  The only way this rule would not apply was if big cash buyers started to move in.  when I say big I mean MASSIVE.  Buyers such as:

 

1. Governments of other countries
2. Rich oil barons located in Kuwait and Saudi Arabia etc.

 

Now currently these two categories invest in UK companies and UK commercial property and prime London residential.  It is this investment that causes the ripple effect on prices.

 

Rumour is London prices are definitely on the way up.  I would not be surprised if the survey of the surveyors was conducted on London surveyors.  There is no doubt prices are on the move.

 

Lenders will also happily lend on a shoe box of a flat in central London for £250,000 but will knock back a 3 bed terraced house north of Northampton for £50,000 as they deem it unsuitable for mortgaging purposes!

 

So if it starts in London it will end in Scotland.  It is just a matter of time.  Are you ready to ride the wave?  Call me if you are serious on 0870 990 3205 or email enquiries@ahuja.co.uk.

 

 

Ajay

Posted on: 16th Jul 2009

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