25 Jun Bradford Housing Market
Bradford Housing Market
Why is the Bradford housing market the worst in England for price drops? We here at Home House Buyers live just round the corner from the property blackspot so we thought we would have a look into why it’s so badly underperforming.
Recent figures from Office for National Statistics show that the prices in Bradford have dropped the lowest across the country, as mush as 23% over the last year. House prices in Bradford have been the worst in the country for price increases since the mid-1990’s also, as it’s increased just £80,000 – up 116 per cent. This may seem high however, most regions have increased by 300-500 % since 1995.
For many of the buy to let landlords in the Bradford housing market that we speak to say that they have been struggling to actually get their rent from their tenants and with mounting bills their only solutions, they feel, is to fire sale the property. This seems to be dragging the prices down as people are desperate to get out of their mortgage and reinvest in a more buoyant market.
There are two types of vendors that we find in today’s market those that are looking to achieve a realistic sale prices, and those who are over optimistic and looking to reach the highest possible price for their property. We are finding that those who are over-optimistic buyers in the Bradford housing market are finding frustration that buyers are not responding to their property. Buyers react to prices.
For many vendors, there seems to be no immediate way out to their problems, just the predictable ‘drop the price’ suggestion from the estate agent. We say rather than drop the price, just contact our office and we can give you an instant cash offer for your property GetAnOffer. We will normally be able to complete within a matter of weeks and more important we can offer to pay all the fees involved in the sale.
If you need a Quick House Sale Bradford then you can call a member of our quick house buyers team on our free phone number 0800 6121 366 or alternatively you can EmailUs