Is there oversupply in the UK property market?
A number of property surveys in relation to the UK property market have highlighted the fact that the UK market is moving into an "oversupply" situation. When you also take into account that many buyers are now sitting on the sidelines waiting for prices to fall further, the situation could become worse before it gets better. So why have more people decided to sell their property?
There is no doubt that the hard-hitting press headlines regarding the UK economy and a potential double dip recession have upset many people. Just when the vast majority of households in the UK began to see light at the end of the tunnel the UK government stepped in with significant budget cuts and tax increases in the short-term. As a consequence, and bearing in mind that the global economy is beginning to struggle, more people are now looking to sell their property at a lower price than they may have achieved just weeks ago, with buyers now very much in the ascendancy.
Liquidity issues within the UK mortgage market are also causing concern with many first-time buyers effectively priced out of the market due to the need for a significant deposit. Until this situation changes we are likely to see further downward pressure with more and more buyers holding back or pushing for "unrealistic prices".
London house prices continue to outpace rest of the UK
02/07/2014 London house prices are continuing to overwhelmingly outpace the rest of the UK housing market, as prices for the three months to June increased by 25.8% over the last 12 months. As a result, the average home in London is not only higher than the pre-crisis peak in 2007, but they are also selling for over £400,000 for the first time in history. All regions across the UK record...Read More
When is the best time to sell your property?
After the recent increase in the average property price in the UK a number of potential sellers will now be looking towards possibly putting their property on the market. But when is the best time to sell your property in the UK? The truth is that without the help of a crystal ball it is impossible to pinpoint the best time to sell your property. While many analysts are moving towards a bullish...Read More
More Promise Of Good Times For First Time Buyers
In a move which is more headline grabbing than practical, the government has announced a new scheme to ease the pressure on first time buyers. The scheme will involve those who qualify paying reduced rent on a property while they save up a deposit to buy in the future. Once they have saved for the deposit they will then be able to buy a share in the property, starting at 25% which can then be ad...Read More
Bovis Homes releases good news for about the UK property market
Prominent UK housebuilder Bovis Homes has today issued first half figures for 2009 which are on the whole fairly irrelevant at this point in the cycle, but the statement which accompanied the results claims that the UK housing market is starting to stabilise. As a consequence we saw Bovis Homes shares rise to an 18 month high with hopes that we have seen the worst for the UK housing sector and dem...Read More
Is the property sector turning?
News that a consortium of Indian and Gulf investors may well be looking at a takeover of British Land has prompted many analysts and investors to revisit the property sector. While the reports are as yet unconfirmed, the sharp spike in the British Land share price over the last two days would indicate that potentially there could be something on the cards.
The consortium is said to...