Friday, 9 September 2011

London property owners desperate for a quick sale....

PPR Estates has reported that the number of home owners in London, searching for a quick sale far below the current asking prices has increased significantly. They have said that this has been due to a collapse in buyer interest, combined with an increase in liquidations of companies as well as rising unemployment, areas that are said to be most affected were the ones struck by the recent riots. The director of PPR Estates, Nick Hopkinson has said that there had been a rising number of "distressed" sellers over the past few years in other parts of the country aswell, however London had appeared to be immune as prices have continued to rise. Are you planning on buying or selling? Need conveyancing? Visit us for your free quote today!

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