If you are caught up somewhere in the troubled housing market at the moment you might be interested (or irritated) to know that there are plenty of ways people will be benefiting from your discomfort. At present, if you are trying to sell a house you may be met with little interest as people are more careful with their money than usual. If you are trying to buy a property you may have lots of houses to choose from but struggle to qualify for a mortgage as banks tighten their belts and may well ask you for an astronomical deposit that you just can’t afford. The fallout from this stalemate does however offer some people something good.

Storage Companies

One of the big winners is storage companies. (Safestore, for example, recently reported a 9% increase in revenue compared with the same period last year.) You must have seen their giant warehouses springing up on the outskirts of your town offering you space to store your stuff. They basically provide you with a room and a lock and an assurance that your stuff will be safe for a few pounds a day. As a result of people finding themselves in between properties they may be left without room for their accumulated junk. Until they have an appropriate house, the storage company will keep taking their money.

Landlords

The rental market is booming. Anyone that has a second property at the moment will have absolutely no problem renting it out. It is lot harder for first time buyers to afford a deposit so are forced to rent for much longer than they may have liked. Plus as people may be forced to relocate for a job, it is not uncommon for a house to be sold with having one to move into. This allows landlords to rent out flats and houses while these unfortunate people are stuck in housing limbo.

Housing Agencies

There are a number of housing agencies dotted across the UK who own, manage and populate private properties for councils. Without there being enough council owned properties available for all the people looking for a council house, housing agencies offer a route for councils to take. Councils take a portion of their budget for housing and hand it over to the housing agency, giving them a single client that accounts for the vast majority of their income for the year, if not all of it.

You

As a buyer, you may benefit from the drop in house prices if you are able to get the deposit together, leaving you with lesser mortgage to pay off in the long run. While as a seller, you may be convinced to stay where you are and instead decide to add to your current property by getting a beautiful Conservatory or perhaps start considering sunrooms from Ideal Windows and conservatories.