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".
How should we expect property prices to perform in 2010?
The release of the Nationwide property survey of the UK makes great reading for investors and home owners across the country but what about 2010? Can we expect more of the same or is this ongoing recovery in the UK property market not sustainable?
Unfortunately, yet again we have seen another third-party attempt to bring UK property owners down-to-earth with Savills suggesting that...
Can we believe the figures coming from the estate agent market?
Despite the fact that mortgage liquidity in the UK is still at near record lows the National Association of Estate Agents has released information this week suggesting that each property for sale is attracting four buyers. Many people are sceptical of such upbeat figures although they are based upon buyers registering their interest with local estate agents. So what do these figures tell us?
Scottish pensioners earn millions without leaving the house
Retired homeowners in Scotland make £12 million a day - without even leaving the house.According to research by Prudential, the housing boom means that a group of Scottish pensioners see the value of their collective homes grow by a staggering £12.54 million a day, a windfall of £4.58 billion, just for staying at home.Ali Crossley, business director of retirement income at Prudential said: "We...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
Rightmove hopeful on increased Internet activity
While property search website Rightmove saw pre-tax profits fall to £18.2 million for the first half of the financial year, from £19.7 million for the sale period last year, the company appears to be fairly optimistic in the short, medium and longer term. Despite the fall of 8% in pre-tax profits there have been a record number of visitors to the company's website in August and this has given th...Read More