Revaluation of assets
The residential property market is always a major topic in the popular press and dinner parties within the chattering classes.
The fact is that the gap between rich and poor continues to widen, with those unable to service their debts being stripped of their assets.
From a purely commercial point of view, forced sales increase the opportunity for nimble companies like Eastbank to move in swiftly.
‘Market adjustments’ also create opportunities for people like us because we always have our eye open for bargains and our finger on the pulse of the market.
Low interest rates have encouraged many to over-extend themselves and an expected rise in interest rates may find them out.