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".
UK government scrap HIPs
The UK government has today announced plans to scrap Home Information Packs (commonly known as HIPs) which obliged sellers to provide certain information about the property before it could be sold. However, even though the idea of Home Information Packs was well-founded and respected by some in the industry there was a feeling it was nothing more than an additional cost to UK property sellers. The...Read More
JJB Sports survives after creditors cave in
As we covered in one of our recent post, today was D-Day for JJB sports with a meeting of creditors to discuss a potential change in the company's leasing arrangements. Thankfully for the company, 99% of creditors voted in favour of the company's proposal, even though just 75% were required to push through the changes. It now appears as though the short to medium term future of JJB sports is secur...Read More
Commercial property market looking to rebound
Colliers CRE, a leading property consultancy in the UK, has today issued a forecast for the UK commercial property sector which would indicate a massive recovery in the second half of 2009. Only a few months ago the company had been forecasting an overall loss of 7.3% for the commercial property sector during 2009 but now it believes overall there will be 0.4% increase in the value of commercial p...Read More
Why does the Land Registry property report differ from others?
As the Land Registry property report for May shows a further 0.2% reduction in UK property prices, against a 2.6% increase and a 1.2% increase as suggested by Halifax and Nationwide reports respectively, many people are totally confused as to what they should and should not take into account. So why does the Land Registry report always seem more negative than the likes of reports by Halifax and Na...Read More
UK house prices have fallen by £45,000 since the peak
While many in the property sector are looking towards a short to medium-term recovery, or a stabilisation of the UK property market, it would appear that the situation is still very confusing. A report from the Land Registry indicates a slowing the rate of decline in UK property prices while the Halifax property survey shows a fall of 1.7% in April. When you consider that all in all, the cost of t...Read More