Donald Trump Talks Up UK Property
Like a knight on his charger the infamous Donald Trump is riding to the rescue of the UK government suggesting that UK property will not suffer the same fate as US property where prices have collapsed over the last 12 months. Trump, who is in the process of finalising a £1 billion golfing development in Scotland, believes that the UK property market has not been over developed during the last decade, leaving a healthy gap between natural demand and natural supply (the UK has always had a system where the balance is always in favour of demand).
While some may laugh off the comments of Trump, it may be useful to remember that he has seen a number of serious economic downturns in the US, been on the verge of bankruptcy and bounced back to be more successful than ever before. While some are surprised that he is being so vocal about the UK, he does have something of a vested interest in his golfing development (assuming it is given the green light).
Very often we seem to listen to MPs and so called experts who have not experienced events such as Donald Trump, and ignore those who have been there and seen it all. A cool head and good judgement is vital in these situations and Donald Trump seems to tick all of the boxes.
Share this..
Related stories
Consumer price inflation shows significant rise
Figures released by the UK authorities today show that consumer price inflation is rising at its fastest rate for six months with the November figure hitting 1.9%. The main reason is the recent rise in the cost of fuel and the fact that 12 months ago the oil price was significantly lower than today (giving a lower comparison base). However, even though this particular inflation measure is still be...
Read MoreGordon Brown risks the wrath of union supporters
Gordon Brown this morning stands accused of abandoning his union background as he declares the wildcat strikes sweeping across the UK as "not defensible". While there is no doubt that officially the wildcat strikes are illegal, without a voting procedure and chance for employers to consider the situation, there had been hopes that the government would show some support for the plight of UK workers...
Read MoreDavid Cameron predicts massive tax increase for UK consumers
David Cameron has suggested each and every taxpayer in the UK will be on the end of an additional £1500 tax bill in order to fund the rumoured tax breaks Gordon Brown is working on. The spectra of deflation also reared its ugly head in the House of Commons as the horrifying thought of a depression similar to that in the 1930s starts to hit home.
In a fiery debate Gordon Brown and D...
Hips face renewed criticism
The introduction of home information packs (Hips) has come under attack by a coalition of property industry organisations.Writing to the housing minister regarding the new packs, the National Association of Estate Agents (NAEA), the Royal Institution of Chartered Surveyors (Rics), the Council of Mortgage Lenders (CML) and the Law Society requested a meeting to discuss their concerns. However the p...
Read MoreUK Mortgage Approvals Fall To Lowest Level For 9 Years
The Bank of England has announced that UK mortgage approvals fell to 64,000 in March, the lowest level since 1999 and a reflection of the difficult conditions in the market at the moment. Many analysts had expected a figure in the region of 66,000 but the actual figure was even lower than that. It seems that while we have seen some signs of life this month the mortgage markets are still some way...
Read More