Is it time to dip your toe in the UK property market?
On the surface, with increased mortgage lending, potential takeover activity in the corporate property sector and some analysts suggesting the worst is over for the housing market, many people are looking again at the UK property market. However, there are also many factors working against a short to medium-term recovery in the UK market such as rising unemployment, Bank of England scepticism regarding the UK economy, bad debts yet to be crystallised in the banking sector and an overall shortage of liquidity in both the consumer and business markets.
When you also add in the ever growing number of repossessions in the UK there will be a steady stream of houses on the market over the next few years. Even though the figures show a rise in UK property prices over the last few months, many people believe this is purely and simply because of a lack of quality in the UK property market which has forced bidders to increase their offers on some homes. There is no doubt that the "recovery" in the UK property market is patchy to say the least and some areas of the country are joining in more than others.
Whether now is the time to enter the UK property market is debatable because ultimately there have been a number of false dawns over the last few months.
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