Housing Shortage pushing up Property Prices
A recent report by the RICS has suggested that a shortage of homes is pushing house prices higher in many parts of the country. The number of houses coming up for sale across the UK during January was at its lowest level since July 2012 despite rising numbers of potential buyers. There is a shortage of homes to satisfy this demand with the inevitable result being rising prices; a trend likely to continue for the foreseeable future.
The pent up demand for houses across England is estimated to be as high as 350,000 households, and so the issue of supply is likely to continue apace. With economic, property and demographic factors, this pressure is not just limited to London and the South East, with the blend of factors giving many areas capacity for growth.
Goldcrest are seeing a large number of development enquiries currently, and we are looking to grow this area of the business to assist those developers who can see the opportunities but continue to be frustrated by the development finance market. We will consider developments throughout the UK and will also consider JV deals of up to 100% of purchase and development costs.
Our Property and Trade teams have already seen a very healthy start to January with a record number of enquiries received, offers agreed and signed deals in the final stages of completion.
We pride ourselves on ensuring all our offers are fully credit backed and our dedicated teams strive to provide consistent and effective levels of service so timescales to drawdown are proficiently managed.
The Company continues to be proactive and innovative in developing new products to provide the best financial solutions for today’s economic climate.
If you wish to discuss any potential business opportunities please do not hesitate to contact a member of the team.
Seasons Greetings from everyone at Goldcrest and we look forward to working with you in 2014 for another productive year!
Our offices will close for the Christmas holidays at 5pm Monday 23rd December 2013 and re-open at 8.30am Thursday 2nd January 2014.
All the best
Our attendance at The Finance Professional Show at Olympia Central, London on Wednesday 6th November 2013 was a great success and our trade and property teams have already experienced an increase in enquiries. Many thanks to those who came to see us during the show!
The Company was very proud to host a table to support The Variety Club Legends of Industry Awards held at the Hilton Hotel Manchester on 24th October 2013.
We are delighted to announce that we will be exhibiting at The Finance Professional Show 2013. We will join 80 other businesses from all corners of the finance industry and meet over 2,000 attendees on the day. The show is to be held at Olympia Central, London on 6th November 2013. You can find us at stand A12, why not pop along and say hello!