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2008 Recession + House Price Slump = Don’t Move. Improve!
21 January 2008
Despite rumours and reports to the contrary, the Chartered Institute of Management Accountants recount a new forecast that says the UK is set to experience a "rebalancing" rather than a recession in 2008 that will be good for the country. Expanding on this, it goes on to claim that with an increase in consumer spending and savings, when combined with further cuts in interest rates and a slow in house price growth, will mean good prospects for the UK in the long-term.
For most home-owners the cuts in interest rates and drop in house prices is fast-becoming a negative reality, but the once-predicted collapse of the UK Housing Market is not such a certainty yet. House prices are set to fall however, and with the falling US house prices and the northern rock crisis, many people are now more fearful about the future of house prices. Whereas buy to let investors may see 2008 as the time to cash in their price house gains, the rest of us our left discouraged to buy houses because of a potential increased cost of mortgages. This increase is likely to come from two sources:
- 1. As several mortgage lenders have gone bankrupt, so financial institutions are less willing to buy mortgage debt. The result of this is that mortgage prices will rise as the risk runs higher for the lenders.
- 2. We have not yet felt the full effects of last year’s 5 time rise in interest rates. And so the affordability of mortgages will continue to be difficult as high interest rates remain.
No wonder confidence is low for home-owners, but in the big scheme of things it’s not so bad to hold out now is it? It’s especially positive when you hear about new ways of still getting that house with more space or even an extra room without doing very much at all. And just think, no solicitors or estate agents or even removal vans.
Expert in storage solutions, Dominic Wishlade, has a revolutionary new concept to calm your fears and restore your confidence in your home. He advises “Why fear the future of house prices when you can capitalise on what you have in the long run? UK home-owners really are in a fortunate position. And those with garages are not really restricted by falling house prices at all. They’re sitting on an investment that they can be confident will add value to their home and their lifestyle. It’s simple. Store things in an organised way and your garage can be used just like any other room in your home. All you have to do is find the right storage solution for you.”
So how do you do this? Garage Wizards, the leading authority on storage and enhancement of residential garages in the UK and Europe, has the answer. They claim that, in exactly the same way as you would invest in a new kitchen or bathroom for your home, you should look to your garage as an investment. A high quality, durable and versatile garage storage system such as theirs opens your mind to the possibilities of creating a useful and practical garage, which actually amounts to a stylish new room to your house. Herein lies the added value and the extra space that a new home would have brought you.
This small company has some big ideas and a reputation to match it. Their 100% satisfaction guarantee is tantamount to the trusted name under which they trade, Dura Limited - originator of the 'Fitted Garage' concept and supplier of integrated workshop systems to some of the best known names in the worldwide automotive industry.
A fitted garage storage system will get you organised in the garage and the house. With it you can free up space in both zones of your home and enjoy the benefits of a bespoke storage solution that allows you to have a workable space for anything from a play area, function room, gym or workshop to the car enthusiast’s work station. See the Garage Wizards website at www.garagewizards.co.uk for inspiration and look forward to positive times for you in 2008.
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