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".
66pc of People looking to buy property in the next 12 Months
Two in three people are looking to buy new property over the course of the next twelve months; of which 25pc are would be first time buyers. This is great news for the UK property market, after years of price and demand decline. There has been no secret about the fact that the economic downturn which started in 2008 has affected almost everything we do. People socialise less often, are saving...Read More
Those considering equity release should 'move fast'
Those homeowners considering triggering equity release on their property may be wise to move fast, considering the house price drops foreseen by experts.Alex Edmans, a personal finance adviser from Saga, has reminded Brits that with house prices falling, the amount of money available to be borrowed through equity release will go down.Mr Edmans went on to warn that customers must ensure that their...Read More
Property investment hit by rate hikes
Three interest rate rises in five months have shaken confidence in property investment, according to insurance provider Standard Life.Its latest savings and investment index shows that investors' enthusiasm in property for both buy-to-let and long-term savings purposes has been dampened by the Bank of England's recent rate hikes.The Bank's monetary policy committee voted to raise rates in August a...Read More
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London business property market booming
Shaftesbury Group, the prominent UK property operation, last week revealed business in the West End of London was especially brisk over the Christmas and New Year period. The company has announced a significant increase in new tenant agreements approved at rates at or above recent property values for the company's various assets. So what does this mean for the UK property market in general? As...Read More