Home And Garden Articles

thinkproperty.com Reveals Home Owners' Fears About Rising Cost of Living

(PRWEB) July 23, 2008 -- According to a new survey from thinkproperty.com, a leading consumer property portal, 95% of home owners are worried about their rising gas and electricity bills, 92% are concerned over rising food prices and 85% about rising fuel prices.

Over 80% of respondents to the latest survey said they were worried about talk of a 'credit crunch' that could affect house prices, with nearly 40% commenting that economic conditions would make paying their mortgage or rent difficult this year.

Mark Goddard, Managing Director of thinkproperty.com (http://www.thinkproperty.com/) said, "For millions of home owners, a property is an essential asset as well as a source of financial security, so it's easy to see that evidence of a 'credit crunch' and a decrease in house prices, would leave many people confused and worried about what the future now holds."

According to new figures from the Ministry of Justice, home owners are right to be concerned about their financial situation, as the number of repossession orders being issued is up by 17%. Nearly 60% of home owners feel that the Government should provide help to anyone struggling with mortgage payments according to thinkproperty.com's survey of 500 home owners nationwide.

Goddard warned, "It is vital that home owners keep up with their mortgage payments. For many households across the UK, this may mean severely cutting back on other costs, such as holidays, or even subsidising income by taking a lodger or second job. As extreme as cost cutting may be, losing a home would be even worse."

The thinkproperty.com survey also revealed that of those respondents that had applied for a mortgage recently, a massive one in six was turned down. Nearly 70% said that they wouldn't look to buy property (http://www.thinkproperty.com/) for at least 12 months' and over 20% said they wouldn't sell their current property for at least a year, indicating that the market could remain stagnant for a while to come.

Goddard commented, "For those home owners who simply cannot stretch their budget any further, selling their current property to move to a smaller home may be the best thing to do. Although, at the moment, they may get less money for their home than they would have last year, remember that the cost of their next home should be proportionally lower too."

Of those home owners that would consider selling property now, 20% said they would sell their current home to buy a cheaper property, with 11% wanting to sell up to avoid negative equity. 7% would move into rented property, coming off of the 'ladder' entirely.

Goddard concluded, "The bottom line is that home owners need to be realistic with their finances during the next 12 months, which will be full of uncertainty and that could mean that house prices (http://www.thinkproperty.com/soldhouseprices.htm) continue to fall. If they really cannot afford their mortgage, investigate the potential to sell, price realistically and either look to downsize, or rent a property, rather than risk repossession."

About thinkproperty.com

thinkproperty.com holds over 600,000 UK properties (http://www.thinkproperty.com/) and overseas properties, including 40,000 rental properties (http://www.thinkproperty.com/renting.htm ), and is currently working with over 6,000 agents who are uploading their stock to the site and benefit from an increasing number of leads originating from the property portal.

thinkproperty.com places Web 2.0 methodology at the heart of its functionality, with market-leading functionality including Google mapping; property ranking; RSS; and Video Tours being core features.

# # #

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Flowering Field Farm of NJ Announces Association with Garden Spot Structures
Flowering Field Farm has announced a new business relationship with Garden Spot Structures of Lancaster County, Pa. The NJ farm is located on Highway 34, just south of the Holmdel border and Route 520. Garden Spot Structures of Leola, Pa. has been delivering fine, Amish-crafted structures for 30 years.

Wild Flower Garden - Yours to Design and Plan
To design a wild flower garden, you do not need to be a specialist or an artist, you just need to be observant and let your creative juices flow. Look around you, what is unique about your surroundings? Do you wish to enhance or compliment these things.

Exotic Flowers: Luxurious and Impressive for Your Home and Garden Decor
There are several types of exotic flowers to best suit any occasion. And of course, depending on your personal taste, you will want to choose the best exotic flowers you can obtain to be the perfect flowers, the most adequate for the purpose they will be serving. For example: at someone?s funeral, you may want to choose bouquet of flowers that the deceased would have loved. Here are some other examples (after all, these flowers are for happy occasions as well as the more tragic ones.

Wild Flower Garden - Make Amends...Your Plants Will Love It
A wild flower garden, just like any garden you wish to plant, requires good quality soil that will meet the needs of the plants you put in it. That means that your garden soil may need some amendment.

New Ways to Use Flowering Clematis in the Home Garden
As a lifetime horticulture professional, Vicki Smith (www.LGYP.com) has exciting news and guidance for using Clematis in today's low maintenance landscapes.

Converting a Weed Garden to a Manageable Flower Garden
Recently I must have had sucker tattooed on my forehead because just when I thought my summer gardening season was winding down into a nice relaxed not hard labor kind of fall a friend baited me into a conversation about their landscaping and the outcome was I ended up helping them redesign a garden

Brighten Up The Garden With PVC Box Deck Flower Railings
Box deck flower railings can really brighten up any garden. The flowers create a homely, warm feel as well as adding a touch of elegance. Many people wonder how to improve the look of their deck and a flower box is by far one of the best ways to do it.

Flowers That Beautify Your Home and Garden
To help gardeners choose flowers, various systems for rating hardiness have been developed. A plant is considered hardy in a region if it can grow and thrive there without requiring special protective measures such as insulating with straw mulch.

Enhance Your Flower Garden With Garden Edging
So, you've got your flower garden set up You've planted the flowers, some perennials here, a few annuals there

Chocolate for the Home and Garden ~ Chocolate Flower Farm Launches New Candle Division
Chocolate Flower Farm, a specialty nursery featuring dark foliaged and flowering plants, launches a new candle division with the acquisition of the exclusive rights to a distinctively different "Essence of Chocolate" candle. The candles along with their popular series of Chocolate Garden Seed Kits will be offered to retailers worldwide.

Wild Flower Garden - Plan to Plant
In the previous article I discussed design for your new wild flower garden. The next stage is planning the planting.

In Bloom: Manbury Home and Garden Accessories Unearths Garden Delights for Gorgeous Homes
Manbury Home and Garden Accessories now features a variety of attractive, practical garden solutions at www.manbury.nl, where consumers can peruse and purchase a variety of garden tools and accessories.

5 Most Popular Flowers for Your Garden
When planting a garden there are many questions which you must ask yourself before you begin. Where are you going to plant it, do you have the garden equipment to do so and how big do you want your garden to be? When do flowers bloom and what are their heights? These are all very important questions, however they mean very little if you have not yet decided which types of flowers you want to plant.

The Flower Garden in August
Our flower garden in August can be brimming with activities we can do at this time of year, as we can for most of the year. We have some flower gardening tips to give you and some experiments to try.