United Kingdom
Buying Below Market Value property
Posted April 11th, 2009 by Chris MetalleIs nobody paying the full price any more?
We all know property prices have been falling in the UK but today’s property market has a concept not seen (or at least not as visibly) in previous market downturns - the Below Market Valuation (BMV) deal. It seems that anyone who is buying property today is trying to get it at a price below what it is ostensibly worth, not just what it is priced at.
But what does BMV really mean? How does one find BMV properties in the current market? And how long will this phenomenon last?
UK property market showing recovery - Exclusive Report
Posted January 16th, 2009 by Jake HollowayIn an Exclusive interview with Overseas Property Centres, the CEO of the UK's leading property conveyencing business revealed that they are seeing definite positive signs of increased activity in the UK housing market with a recent marked increase in instructions. With a return to levels not seen since last summer!