We look at the question of distressed listings and sales, which appear to be quite low at the moment. Some therefore argue that things in the property market are just fine.
However, apart from the question of how distressed sales are defined and identified, the truth is that some households are being given the option to sell as a normal not distressed sale. This is better for the bank, and potentially might be something which given enough equity in the property is worth considering. But it is really important to get the right independent advice first!
Bottom line is low distressed sale counts are not a signal of a buoyant market.
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