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".
Rental demand drops
Demand for rental properties in Britain slumped during the last quarter, a new survey has shown.Research by the Royal Institute of Chartered Surveyors (Rics) claims that in the last three months tenant demand faltered while at the same time sales increased on the back of rising rental rates.In its quarterly survey Rics says 16 per cent more chartered surveyors reported a rise rather than fall in t...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
House Price Falls Fastest For 17 Years
A report by the Nationwide has highlighted the fact that house prices are now falling at the fastest rate for over 17 years and the situation does not look as if it will improve in the short term. Prices slumped by 8.1% last year which knocked £15,000 off the average house price across the UK. The average house is now valued at under £170,000 for the first time in a long while. So where do we...Read More
Mixed Signs In The Property Market
After months of complete mayhem in the financial markets it seems that some kind of liquidity may be returning to the sector. HBoS has announced that they found investors to take up their recent £500 million mortgage bond issue Ã¢â‚¬" something which would have been unheard of only a couple of weeks ago. The bond issue is linked to residential mortgages and many experts are seeing this...Read More
Sale and rent back schemes to be probed
Sale and rent back schemes could be subjected to greater regulation following a probe from the Office of Fair Trading (OFT). The OFT has announced it will investigate the sector to examine whether the legislative framework provides sufficient protection for participants. Sale and rent back schemes operate by offering stricken homeowners a quick sale at a reduced price from a buy to let investor. T...Read More