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    • Copyright 2008, Nenib

Defying The Credit Crunch!
Date Added: November 15, 2008 12:32:11 AM
Author: Richard Conway
Category: Business & Economy: Real Estate & Property
If the national media hysteria is anything to go by, the economy, and more specifically the property market is in dire straits. Repossessions are rife and property transactions are ‘falling out of bed’ left right and centre, leaving purchasers’ and vendors’ with abortive costs and the headache of starting again. Retailers and businesses are going into administration left, right and centre; Begbies Traynor the UK’s leading insolvency practice cite “A staggering 4566 companies faced ‘critical’ problems in the third quarter of 2008” (Begbies Traynor’s Red Flag Alert Statistics October 2008).However, despite all this doom and gloom surrounding the property industry there seems to have emerged a new breed of property company. A type of company that is seemingly not affected by the dark days and the ‘Credit Crunch’, one that is actively still buying property in this era where transactions seem to be diminishing every day. So who are these companies that are still buying property in these apocalyptic times? And why are they still purchasing property despite a perpetually falling market? Several reputable companies doing this are, The Commercial Buyers (www.thecommercialbuyers.co.uk"), The Shop Buyers (www.theshopbuyers.com) and Aspect Property Group (www.aspectpropertygroup.co.uk) are focusing there attention on acquiring commercial property, notably retail, office, industrial and ground rents; their promise; ‘to make cash offers for property’ and to ‘complete in a timescale that suits you’. These companies have emerged in a marketplace that really needs them, they offer sale and rent back options for owner occupiers looking to continue their business while also releasing the equity in the properties, and cash sales for vendors who need to capitalise on their assets quickly.

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