With an economic crisis looming whilst inflation rates soar, utility costs hit record levels and the general costs of goods and services hit all time highs landlords in the UK are considering their options whilst the housing market remains buoyant – but for how long?
The housing market is likely in our view to flatten in the next quarter amid the turmoil, and in quarters 1 and 2 of 2023 is anticipated to fall in line with other business sectors and there is little we can do to control this. A possible recession is likely as a result of the inflation and slow down of the UK economy and whilst rental property is always a popular commodity, a recession would make both rental and sale of property more difficult.
Many landlords have been considering slimming down or disposing of their portfolios across the UK but, selling several properties at once often means taking a discount on the value, and can be difficult to orchestrate with the properties still rented. One solution to all this is to sell by MODERN AUCTION. Simply Auction sell properties throughout the UK and deal with many properties being sold as let investments. By splitting up the portfolio we generally achieve better values and in auction exchange of contracts is virtually immediate with legal completion within 28 days. The modern auction route of sale is fast becoming the preferred route for sale and whats more, sellers pay ZERO selling fee!
If you are an investor and you are looking to sell your property or portfolio of properties visit our website to see just how easy and straightforward our service is www.simplyauction.co.uk.
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