For anybody with a house on the market and looking for a Quick Home Sale there could be some encouraging news from the National Federation of House Builders (NFHB). They have become positive about the UK property market with indications that there may be a recovery.

This is based on a survey of their members, house building organizations throughout the UK. Their members were asked if they had seen any increase in sales activity over the last 12 months and 60 percent of members confirmed that they had. This confirms that buyers of brand new properties are finally starting to swell.

There will be a twofold positive concequence from this on property sales and the ability of sellers to get a quick property sale. Firstly, a rise in buyers for new homes more or less certainly indicates an increase in buyers for existing property. It is a signal of returning confidence amongst buyers and whilst that will not necessarily push prices up, it will at least stabilise them and everyone looking to Sell House Fast can gain reassurance from this.

Secondly, a recovery in the new build area will help to overturn the job losses seen in the building industry. NFHB estimate that 250,000 construction jobs have been lost in the recent downturn, and there will have been further job losses in associated industries, such as plant, equipment and distribution. A reversal in this trend will ripple through the economy overall and can only have a positive result on buyer confidence. As the prospect of further job losses begins to recede potential buyers will begin to return to the market. Once begun the cycle of revival will become self fulfilling.

In the meantime however, NFHB warn that there remains one possible problem around the start of a proper recovery and that is the accessibility of mortgages. Bank mortgage lending is still at extraordinarily low levels, around half of average levels. So even if buyers do now feel certain enough to enter into purchasing a home, they may be constrained from doing so by the difficulty in obtaining a mortgage.

So mortgage accessibility would appear to be the last component in reviving the market. Those buyers insisting that their estate agents “Sell my Property fast” need to comprehend that the answer may not be with the estate agents. However, given the balance of government will to raise lending and evade the credit bubble which caused much of the current difficulties, it seems likely that mortgage lending will improve in a steady way. It seems unlikely that there will be a sudden explosion in availability, the escalation will be steady with mortgage criteria remaining cautious in the short term. Perhaps this slow recovery will lead to some long term strength which will be of advantage to buyers and sellers alike.

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This entry was posted on Wednesday, September 2nd, 2009 at 7:10 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.