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".
Scottish house prices 'spike'
House prices in Scotland have soared during the last quarter, new data has shown.The "unusual price spike" was felt across Scotland in the three months to the end of April, with property values in Aberdeen, Edinburgh and Dundee all rapidly rising.Lloyds TSB Scotland, which conducted the research, attributes the increases to a seasonal rise in mortgage transactions, a low number of properties on th...Read More
What are the options with negative equity?
As more and more people in the UK face of the problems of negative equity, many are now looking around to see exactly what their options are. Unfortunately, for those looking to downgrade their properties and therefore crystallise their position before it gets any worse, the market in the UK is still very much subdued. Remortgaging at this moment in time is also not an option for many in the UK wi...Read More
Average house price fell by £6000 in September
The average price for a property in the UK now stands at £162,092 which represents a £6,000 fall between August and September. There is now growing concern that the UK property market has peaked in the short-term and against a backdrop of difficult economic statistics there is very little chance of a short-term recovery. However, the consequences of a £6,000 drop in the value of property in the...Read More
Terraced trend increases over ten years
Property price increases have been the greatest for terraced houses as compared to all other types of property in the UK over the past decade, according to a new report by Halifax estate agents.The price of an average terraced house has risen by 239 per cent from £54,945 in 1996 to £186,316 last year. The average increase for all types of property was 205 per cent overall.Terraced houses still h...Read More
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