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Should you sell your property in this market?

Probably not if you can hold on to your property for long term

On the other hand it is almost a certainty that prices will go down further in the next few years.

Looking at the graph below, if you would have sold your property at the end of 1991 you would have lost 7% of the 1989 value of the property. The property prices did keep going down for another one and a half years until April 1993.

So if you would have sold your property in 1993 you would have lost 26%. In this example, selling in 1991 would have cut your losses by 19%.

This time round, the suggestion is that the recession will be harder due to the banking crisis. Would the recovery take longer than three and a half years, as in the last recession?

If you need to sell your property in the next few years, or if you can do better with the cash left in your property, it is probably wiser to sell it now and cut your losses short.

If you can keep your property for over five or may be more years, you should not sell it now.

If you have to sell, why should you let us find you a buyer?

The reasons why Coutts de Lisle can help are:

1. We won’t charge you any fees for finding you a buyer .
2. A number of our Landlords had sold their buy to let properties in 2008 at the height of the market. They therefore have access to substantial cash funds. They have commissioned us to find them properties to buy. They are in a position to quickly purchase your property with cash. Whilst some of them are only looking for bargains, others are more interested in quality and location.

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