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".
Er, is that something to do with freemasons?
Young homebuyers have displayed a startling level of confusion over property terms, with two per cent of 18 to 24-year-olds believing that a freehold property is one that only freemasons are allowed to buy.Although the above is probably the most alarming display of ignorance, a poll from AA Legal Services revealed that only 59 per cent of 18 to 24-year-olds could accurately define the term freehol...Read More
Why are house buyers still sitting on the sidelines?
Over the last few months we have seen a major deterioration in the UK property market with prices falling month by month and many desperate sellers willing to knock thousands off their asking price. However, surprisingly we have seen very few bargain hunters step forward which is something of a major concern for those in the sector.
There appear to be a number of reasons for the ina...
Buyers move into pole position in housing market
At the start of 2010 there were high hopes for the UK property market with signs that the market was stabilising and looking to move ahead in the short to medium term. However, problems in the European economy, liquidity issues and concerns about the UK economy, in particular ahead of the budget, have had a massive impact upon sentiment. It now looks as though buyers are in the ascendancy although...Read More
UK house prices increase in January
The Nationwide report on the UK property sector has highlighted a growing trend which has seen UK house prices increase in value over the last year. A 1.2% increase in the value of property in January, compared to December 2009, brings the total annual increase to 8.6% between January 2009 and January 2010. But what does the future hold for the UK property market? In a move which will surprise...Read More