Managing Property Assets: The Importance of Pricing

Despite a slight quarterly increase, repossession number remain 30% below than their level two years ago, according to The Council of Mortgage Lenders. This article focuses on why repossessions have remained low, despite the current economic climate, whether this will remain the case over the next year, and how this has affected the sale prices achieved by asset managers. In a market where house prices are no longer rising consistently, and lenders are looking to consolidate their provision of asset management, asset managers need to react to ensure their disposal strategy suits the climate and balances the need to quickly sell repossessed properties with achieving best price for their clients. This article will also address the importance of sound pricing strategies, and how asset managers can adapt to market changes and technology improvements to offer the best possible service to their clients. [PUBLICATION ABSTRACT]