Potential Property Sellers Stuck, Give it a go with Zungalow

Private property sales site Zungalow.com could answer the prayers of thousands of people trapped by the UK housing market. The current situation is causing a shortage of supply, which Zungalow sellers could exploit to their gain, all will be explained below.

The UK housing market has been in a state of freefall since 2007, and the common consensus is that prices have between 15 and 40% left to fall.

This leaves many people stuck for various reasons: some because the price they would get would not be enough to trade up or buy the house they need to move to, but millions in the worse situation of negative equity; their sale price wouldn't even cover what they have left to pay on their mortgage.

Supply is decreasing rapidly as people are avoiding putting their properties onto the market because they fear their equity will be eroded.

Zungalow.com could be the answer to the prayers of everyone mentioned above. For just £29 per year, users can add their properties to Zungalow.com without a price tag. That is because Zungalow is a private property sales site with a difference: Zungalow is about selling property privately, but sales are achieved because the site is a social community.

People can advertise their property privately on Zungalow, whether they are committed to selling or not. The people above can put their properties on and just see what offers come in, let's face it £29 is not a lot to lose and things should be recovering within a year. Who knows, the supply shortages caused by the downturn may bring a good sale price for the few bold enough to give it a go with Zungalow.