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Care Investment allows Fife pensioners and the elderly to stay in their own homes - A £40mn investment from Fife Council in Scotland is targeted at residential care and care at home for the elderly. By Alex Ogilvie (19/06/08) more...
Inflation outlook grim - open letter from Bank of England - Mervyn King predicts inflation rate of 4% and MPC believes a slowing economy is important to reign back in CPI figure. By Alex Ogilvie (17/06/08) more...
Growth in 2009 to be lowest since 1992 - CBI revise their prediction for growth down to 1.3% in 2009, the lowest GDP growth since 1992. By Alex Ogilvie (16/06/08) more...
Expectations that interest rates will rise - May 2008 Bank of England survey on public attitudes suggests more people believe interest rates are on the way up. By Alex Ogilvie (15/06/08) more...
No evidence of distressed sales in the Housing Market - RICS May survey of UK housing market suggests an absence of distressed sales. By Alex Ogilvie (14/06/08) more...
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How to sell your house in a falling UK property market
by Ritchie Mehta (04 July 2008)
According to the latest figures from Rightmove for every one buyer there are fifteen houses for sale in the UK. This is double the amount of residential properties available for sale than there were for the same period last year. To make matters worse Rightmove suggests that the average house price in Britain fell by 1.2% in June and that in some parts of the country a typical house lost £25,000 in value! In these circumstances it has become more important than ever to make sure your home stands out in order to increase the chances of selling it.

Rightmove suggests that the 3 P’s (Price, Presentation and Promotion) are the most important factors to bear in mind when selling your house. Ensure that you are realistic about the price and compare your home to others in your area of a similar size. It could even be a good idea to undergo a few ‘mystery shops’ to get a better feel for your competition. Make sure that you present your home in the best possible way; it may even be an idea to hire a professional to create a make-over just to give you that edge.  Lastly, make sure that it is as widely promoted as possible, even venturing into national (and international) websites and papers, as the wider the audience you target, the more opportunity you create to having it snapped up!

The main thing is not to give up hope.  As Miles Shipside, commercial director of Rightmove suggests, “Sales are still happening, and there is a pent-up demand for the right properties at the right price.” He further comments, “The homes that are in special locations, have strong character details or an immaculate finish are still popular if priced realistically. Run-of-the mill homes that are not much different to others on the market have to stand out as bargain buys, and badly presented homes have to be really cheap.”  
 
So make sure you know which category your home fits into and aim to make it the most attractive within that category.

Retirement News
Care Investment allows Fife pensioners and the elderly to stay in their own homes
by Alex Ogilvie (19 June 2008)
The increasing number of older people in Fife, Scotland, has triggered a major investment for the benefit of the elderly and their families. A £40mn investment in residential care is planned over the next 10 years and the first steps in planning how that investment will be spent are scheduled for the 23rd June when the Social Work and Health Committee will meet to go over the options.

The planned investment follows the recognition that the elderly were not being provided for in a manner that was acceptable.

Cllr. Tim Brett, Chair of the Social Work and Health Committee said
 
"The overwhelming majority of elderly people would choose to remain in their own home and as a local authority we strive wherever possible to provide the support they need to enable them to do that. Where this is no longer possible we must strive to ensure that they are being cared for in safe, comfortable homes, which are fit for purpose.
 
"Many people tell us that they prefer to live in Fife Council run homes, with this investment we hope to be able to provide the buildings which will match the standard of care which our staff provide."

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Latest Retirement Articles
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How to sell your house in a falling UK property market - With UK property sellers being outnumbered by 15 to 1 how do you sell your house in a falling UK property market? By Ritchie Mehta (04/07/08) more...
Debt - Changing Habits to Save Money - There are a number of factors and situations which can lead to increasing levels of debt, but also a number of solutions that can help in your debt management. By Editor (20/05/08) more...
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