29
Jun
Property buyers advised to do their research
Doing some research on a property is one of the most important
things for a buyer – whether they are new to the market or
not – to do, it has been claimed.
Ducalian – a London property investment consultancy, claims
that people must "do their homework" before committing to any deal
on the property market.
Similarly, they should investigate the surrounding area and use the
internet to compare the prices of other homes on the street or
borough they are interested in.
The company offered further advice to potential buyers, saying that
if they are currently in negative equity, they should sit it out as
values will go up.
Timothy Lambert, head of consulting at Ducalian, said: "Values will
not rise to the levels we saw at the top of the market a few years
ago, ever again but homeowners need to add value wherever
possible."
A publication from the Council of Mortgage Lenders has revealed
that around 900,000 homeowners in the UK are currently in negative
equity.
