Are Fools Rushing Into The Housing Market?
A new property survey has given rise to the suggestion that one in four in the UK believe that now is a good time to start investing into UK residential property. The report by the Building Societies Association (BSA) threw up this surprising fact with many investors trying to ignore the continuing threat of the credit crunch. But is it really time to invest?
The same survey also found that over 50% of those who thought it was not the right time to buy, were only holding back because of financial difficulties. As mortgage rates continue to move higher it seems as though the increased cost of mortgages is finally starting to hit home. This is not the first survey this week show an increase in investor confidence but how many have actually put their money on the table?
As with any investment market which has gone into freefall it can be very difficult to predict the bottom and time an investment to perfection. How many of those who said they would invest if they had the funds would actually do so if possible? It can be very tempting to watch a market fall and choose a level at which it looks good value but it takes nerve to actually call the bottom and invest into a market.
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