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".
Will the UK government's plan to buy empty homes work?
In a scheme which is set to cost the taxpayer around £400 million it has been announced that the UK government will offer interest-free loans to first-time buyers to cover deposits of up to 30% on new properties. This is the government's attempt to reduce the number of empty new homes across the UK and start to oil the wheels of the property market again.
It looks as though the sch...
One-third of estate agents to close
At least a third of the UK's estate agents currently in business are set to have closed by the end of the year, the UK's largest property agent network has predicted. Robin King, director of Movewithus, said that the slowdown in the property sector would result in the number of estate agents in operation falling by at least 4,000 from the current figure of 12,000. He told the Times: "People may no...Read More
Flat Share Market Thriving
As more people fall behind with their mortgages in the UK we have seen a significant increase in the number of rental agreements and flat sharing arrangements. Speaking at today's affiliate conference, Simon Spicer from leading flat share website Roombuddies.com said:
"Flat sharing is one obvious way in which people can save money. We've seen...
Help to Buy – What is it?
We take a look at the new Help to Buy scheme, proposed by the Chancellor in the recent Budget. The scheme is aimed at boosting the housing market, by allowing people to get onto, or move up the housing ladder. But how is this achieved?
There are two different parts to the Help to Buy scheme. These are the ‘equity loan’ scheme and the ‘mortgage guarantee’ scheme.
House prices "bounce back"
UK house prices "bounced back" in June after climbing by 1.1 per cent, Nationwide revealed today.The latest property price survey by the building society showed the annual rate of house price inflation reached 11.1 per cent this month, its highest level since January 2005.Nationwide said that the annual rate of growth was more than twice as fast as that recorded at the same time last year, with pr...Read More