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".
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The fact is that those who are brave enough will probably catch the ma...
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At this moment in time the first-time buyer of property in the UK is a very rare commodity as mortgage lenders look to pull up the drawbridge and reduce their short-term risks. Despite the fact that we have seen an increase in the number of first-time property buyer mortgage options over the last few days this is not a trend which the vast majority of mortgage lenders in the UK have yet taken up....Read More
More homebuyers escape stamp duty but the fall continues
The Council of Mortgage Lenders (CML) has reported that the government's increase in the stamp duty threshold for property purchases saw a large jump in those who avoid stamp duty on property transactions. The figures indicate that over 50% of buyers did not pay stamp duty in September compared to just 22% in September 2007.
However the housing market is still struggling with home l...
Manchester Property Market Set For A Boost
While it may be doom and gloom in many regional property markets around the UK, the signs for various regions on the outskirts of Manchester are looking a little rosier today. The government has announced plans to increase the scope of the CityÃ¢â‚¬â„¢s tram system and extend the service to Chorlton, Rochdale and Oldham. This is on top of the Droylsden extension which has already been...Read More
Long-term investment strategies : Property
While there are signs of a potential recovery in the UK property market nothing is definite at this moment in time with the recession balanced on a knife edge. However, while historically property has been one of the main investment vehicles for many people around the world there had been a suggestion this could change in the foreseeable future. So will we see property taken over as the number-one...Read More