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".
London house price gap largest since records began
02/04/2014 London house prices are now twice as much as outside the capital. It will now cost an extra £183,000 on average to purchase a home inside London compared to the rest of the UK. Whilst there’s always been a premium paid on house prices in the capital, the gap is now at its largest since detailed records began in 1978. When records first began, the difference was less than 10%, m...Read More
Million-pound property sales rose 36% last year
Burgeoning house price inflation fuelled a significant increase in the sales of million-pound properties last year, new data has shown. Over the course of 2007, 8,257 properties costing £1 million or more were sold, according to research from Halifax. This represents a rise of 36 per cent compared with the figure of 6,057 recorded in 2006. The areas posting the highest number of sales of high-val...Read More
House prices for first time buyers ‘up 5pc’
The price of a house for a first time buyer has risen 5pc since the summer, according to a report representing data collected by Halifax. This includes a rise of 2pc last month alone, with average prices rising to £125,799. This highlights the increasing struggle that first time buyers face to get on the property ladder, but at the same time the fact that the housing market is gaining in st...Read More
Construction Sector Woes Hit A Wider Market
The fall in activity in the construction sector has been more marked over the last few weeks with more and more firms hitting serious cash flow problems and being pushed into administration and receivership. While you might expect these problems to stay within the construction sector there are signs that they are spreading to other areas of the economy.
The construction - house con...
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