In my 29 June 2016 posting on the Falkirk Property Blog,
I suggested that post the Brexit vote there would be softness in property
prices.
And so it has came to pass .... RICS, the surveyors’
professional body, has published advice on its website to members about
valuations post-Brexit. It strongly
implies that surveyors may be in danger of stating too high a price in their
valuation reports. It suggests a form of
wording which essentially advises customers that the valuation may not be
reliable as the “probability” of that price being achieved in the event of a
sale “has reduced”.
So what does this mean for Falkirk buy to let property
investors? It means that sellers are
more likely to be open to price negotiation at the moment so you could ‘bag
yourself a bargain’!
A few more interesting articles about the
Falkirk property market:
- To buy or sell in the Falkirk property market? That is the question http://bit.ly/2abCFX5
- Falkirk property market – evidence that there is life after Brexit vote http://bit.ly/2a4vpii
- Falkirk Buy to Let sees returns of 8.9% in the last year http://bit.ly/2abkMst
- Falkirk Property Market – Reflections Two Weeks After The Referendum http://bit.ly/29vQFOK
- Post EU referendum – will history repeat itself in the Falkirk property market? http://bit.ly/2922wPP
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