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Middle classes are feeling the pinch

The recession is taking its toll on the middle classes as desperate sellers look for different ways to get rid of their properties.

Figures from Property Portfolio Rescue, a specialist firm catering for owners looking to downsize their property portfolios, says it recorded a dramatic surge in enquiries in Q1 2009 from middle class home owners with properties worth more than 500,000.

The number of enquiries received by the company increased from 1,949 in Q1 2008 to 3,321 in the past three months.

Nick Hopkinson, director of Property Portfolio Rescue, says: “Previously, this group of desperate sellers did not make up a significant proportion of our enquiries.

“But our recent activity analysis provides a clear indication that the recession is affecting individuals across the economy.”


Robyn Hall joins Marketing Innovation Forum

Marketing Innovation Forum, a free website providing support to IFAs and mortgage brokers, has appointed Robyn Hall, former editor of Mortgage Strategy magazine.

Cash dispenser

There was some interesting news from Taiwan last week, where it seems an unidentified man was throwing away money.

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]


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