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In total last week saw a massive 25,000 people placed on the unemployment list as companies around the UK continue to cut down on their operating costs. Unemployment is fast approaching the 2...
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Saturday 4th October 2008
While we have touched on this subject in some of our earlier post it is still a subject which confuses and annoys some people. Why do we really depend upon the property market so much? Why is it such an integral part of our lives?
There are many reasons why we depend on the property market which include:-
Some where to live!
While this may seem the most obvious reason why we have an interest in property it is one of the main ones. Even though there is substantial council housing and rented accommodation around the UK there is nowhere near enough to cover everyone’s needs.
Investment
Since you were a child you have probably been spoon fed the idea that bricks and mortar are the best investment you could ever make. In reality history has shown that property has been a very good long term investment in the UK and moves in a direct line with the economy.
Chance to make a home your own
Many people will look at the property market as a way of investing for the future, but also investing into something which they have a direct control over. Unlike council houses, where your options for change may be limited you can quite literally do anything you want with your own home, within the regulations.
Property always has been and always will be an integral part of UK life. |
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