Economists have been quick to draw parallels with today’s housing market to the various property market crashes throughout history. Some have predicted a housing recession or property slump based on simple logic - what goes up must come down. Although over recent decades many people benefited from the over inflated property prices, recent buyers and are now realising that the increased cost of buying and keeping a home is impacting drastically on their debts and affordability. And judging by the increased interest in the quick house sale market, more homeowners are feeling the financial squeeze.

Property prices boomed across Britain in the 1960s but a credit crunch came along in 1973 that saw many investors lose out. As before, the market picked up again before facing another crash. Property experts often compare the ups and downs of the market down to a swing and roundabout mentality – what goes around comes around. So it’s no wonder that many homeowners believe if they just sit tight, their home will eventually gain capital. However, the growth in the quick house sale market shows that not all homeowners can escape the credit crunch.

Previously, a housing crash would be followed by a reprieve - the market always picked itself up, dusted itself off and house prices began to look rosily healthy again. But there are fears by some economists that something in the near future will have to change. The idea that our homes are our financial nest eggs could leave many homeowners in hot water. Property prices may change in the future. The high demand for property and the over-inflated prices don’t match the reality of many people’s financial reality. Many people in the younger generations are starting out in life with tens of thousands of pounds of student debt. Essential workers are being out-priced of the property market and alongside the shortage of affordable housing this could all lead to increased pressure for an economic shift. The quick house sale market may in fact be a wise move for homeowners who can’t afford their property but want to make the most of any equity in their homes. A quick house sale also means they don’t have to worry about any seismic shifts in the property market.