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".
Is the house building sector back in favour?
News that Hugh Osmond, one of the UK's best-known businessmen, has made a takeover offer for UK housebuilder Crest Nicholson has certainly caught the attention of investors in the UK. It is believed on offer in the region of £300 million to £350 million was tabled last week and a response is awaited from the company. There have been rumours for some time that Hugh Osmond has been looking at vari...Read More
Gerald Ronson warns of problems with UK economy
Property tycoon Gerald Ronson has today criticised the UK government for what he believes is the creation of a two-tier Britain with rising unemployment outside of London having the potential to cause social unrest. It has long been known that the London economy can be very different to the wider UK economy and recent events have highlighted this fact. So why is Gerald Ronson concerned about the f...Read More
DIY to make cost-cutting comeback
People worried about the value of their homes could return to doing home improvements themselves rather than paying outside labourers, a building and renovation expert has suggested. Jason Orme, editor of Homebuilding & Renovating Magazine, noted that during the ongoing credit crisis many people are not willing to pay for outside help when undertaking renovation projects. He also said that people...Read More
Brits opt for home improvements to add value
More homeowners than ever before are opting to fork out on home improvements in the hope of adding value to their property, according to research from Halifax.In the last year, a quarter of all homeowners undertaking home improvements did so specifically to add value to their home - up from just seven per cent last year - with over half believing the work would add up to £5,000 in value of their...Read More
PricewaterhouseCoopers issues depressing property report
PricewaterhouseCoopers has today issued a report on UK property market which will not make good reading for UK homeowners and investors. The report suggests that the recent spate of upbeat statements with regards to the UK property sector may have heralded something of a "false dawn" and they expect prices to fall in 2010 and remain flat in 2011. This appears to be at direct odds with a raft of ot...Read More