Page 5 - Glentree Review

Overpriced properties, which carry an unnecessary burden, are still not selling and will remain moribund until the sellers’ expectations of value, mellow.
I have noticed of late, that even though the press were convinced the values would drop, they are now subscribing
to the view that these will instead be stable, even though mortgage costs are greater today than hitherto.
Deepest, darkest, longest recession...
Inflation looks as though it may have peaked, and the prolonged deepest, darkest, longest recession, as foolishly predicted in the Autumn by Andrew Bailey, (Governor of the Bank of England) looks wide of the mark and
grossly overstated. 80% of borrowers will be shielded by their fixed rate mortgage deals for up to five years, which also serves to allay the fears of consumers in the short to medium term.
It appears, that we now have relative political stability for the next 18 months or so and analysists are predicting a UK inflation rate of somewhere between 2% and 4%, over the next two years.
I conclude that as mortgage rates start to fall, this could be a very good time to buy a new home and as Mark Twain so famously said, “Buy land, they’re not making it anymore.”
Employment will increase slightly but this level will still be one of the lowest in
the western world and there is no better hedge against inflation, than residential property.
From our 50-year provenance, we offer a bespoke, tailored service, using our global reach so that if you are selling or renting, we attract applicants not just from London, but across the major financial capitals of the world, thereby insuring we always achieve better prices but most importantly, “we hope you enjoy the journey with us!”
Trevor S. Abrahmsohn Managing Director
GLENTREE REVIEW | PAGE 5