10 December 2007 . PRESS RELEASENEVER A BETTER TIME TO BUY
A local residential developer has advised homeowners wishing to trade up to quality family homes to buy now before further interest rate cuts in the New Year increase market activity and push up prices.
Jason Cooper of Manor Park Homes who has a number of developments in the West Midlands believes that the traditionally quiet Christmas period is the best time to buy. “The latest interest rate cut announced on 6th December was the first since August 2005 and came sooner then predicted because of fears that economic conditions are deteriorating faster then anticipated.”
Mortgage lenders Halifax and Nationwide reacted immediately and reduced their rates putting others under pressure to follow suit.
“The government clearly believes that the slowdown needs reversing in the light of numerous surveys reporting falling house prices and a slump in consumer confidence,” says Cooper.
“If we see further interest rate cuts and the government is successful in reversing the decline then homeowners who could have bought at the bottom of the market will miss out.”
Manor Park Homes has launched a number of attractive incentives for its recently completed family homes development in Sutton Coldfield to encourage people to take advantage of the current market conditions and buy now. These include a generous part exchange deal or cash back option.
The four-bedroom family homes at Wakefield Close, Boldmere are priced at £364,950 and offer the right blend of family living space and designer style. The homes are ideally located within a few minutes walk of Boldmere high street and Sutton Coldfield, and are also well located for the good Sutton school catchment.
For further information please contact Paul Carr on 0121 321 3003 or visit the website at ‘www.manorparkhomes.co.uk’
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