Will UK property ever be as popular again?
At the height of the boom time for the UK property market it seemed that nobody could lose money and conversely at the bottom of the UK property market it seems that nobody can make money. Investor sentiment is very often based upon short-term trends and many investors can become blinkered with regards to the potential long-term prospects for the UK property market. So will UK property ever be back in vogue?
Without doubt the UK property market, along with other investment markets, will eventually show signs of recovery and investors will soon forget the difficult times we have experienced over the last three years. However, the length of time between the top and bottom of the current economic cycle will be longer than that seen for nearly 100 years and as such investors may take some persuading when the economy finally does recover.
If you look back in time it soon becomes evident that the most successful investors are those who can keep a long-term outlook despite difficult short-term situations. These are the investors who are not scared to make mistakes in the short term but who believe in their long-term strategies and are prepared to "put their money where their mouths are".
HBOS Calls It A Day On 53 Estate Agency Branches
News that HBOS has closed down 53 of its Halifax estate agency branches was not totally unexpected but may not be the last of the closures. The move has resulted in 100 job losses with news that elsewhere in the group 450 employees have been relocated to different areas of the company. While this news is still being digested it also seems as though HBOS will consider 'selective asset disposals'...Read More
House prices rise in March
The monthly Nationwide property report shows that UK house prices rose by 0.7% in March to hit an average of £164,519. This takes UK house prices back to the levels seen in January after the fall of 0.8% in February, which spooked many people and led to concerns about the short to medium term direction of the UK property market. So does this increase in March mean the end of any potential downtur...Read More
More homebuyers escape stamp duty but the fall continues
The Council of Mortgage Lenders (CML) has reported that the government's increase in the stamp duty threshold for property purchases saw a large jump in those who avoid stamp duty on property transactions. The figures indicate that over 50% of buyers did not pay stamp duty in September compared to just 22% in September 2007.
However the housing market is still struggling with home l...
House prices continue to rise
The cost of buying a house in the UK is continuing it’s steady rise, at the fastest rate since 2010. Nationwide building society reported that house prices rose by 0.3pc in the month of June, and is rising at an annual rate of 1.9pc on average. Again the Funding for Lending scheme launched by the Government last year has been accredited with helping the market pick up. The scheme makes c...Read More
Is The Buy-To-Let Market In Trouble?
Over the last few years we have seen the creation of a number of buy-to-let empires by private individuals who have taken advantage of the increase in house prices and the expanding rental market in the UK. However, with rental income used to fund the growth of many of these empires there are concerns that some investors may see their portfolios collapse like a pack of cards.