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".
Property company collapse could hit Lloyds bank
The collapse of the Kenmore Property Group, despite a £1 billion property portfolio, could hit Lloyds bank very hard with news that the bank has a £700 million exposure to the operation. The company is believed to have placed 21 subsidiaries into administration and two others into receivership despite the fact it has a substantial property portfolio. However, those close to the company expect Ll...Read More
Scottish seasides top of the props
Six out of ten of the seaside towns where property prices have risen most in the last 12 months were located in Scotland, according to a new study.Research from Halifax shows that Girvan, a coastal town in Ayrshire, saw the greatest growth in house prices, which rose 41 per cent on average over the past year to reach £131,512 in March 2007.Properties in the Scottish town of Arbroath saw the secon...Read More
Are Fools Rushing Into The Housing Market?
A new property survey has given rise to the suggestion that one in four in the UK believe that now is a good time to start investing into UK residential property. The report by the Building Societies Association (BSA) threw up this surprising fact with many investors trying to ignore the continuing threat of the credit crunch. But is it really time to invest?
The same survey also...
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
Homeowners urged to carry out 'winter property checks'
General upkeep and maintenance of property is especially important in winter, homeowners have been warned. Legal & General (L&G) suggested that the value of houses makes it financial sense as well as common sense to keep a house in a good state of repair. Insurers could penalise or dismiss claims if a house has not been looked after. Elaine Parkes, head of technical services at L&G's general insu...Read More