Another day another property report
As the future direction of the UK property market comes under ever closer scrutiny they were reports disclosed this week which indicated a potential rise in property prices by the end of 2009 and a 25% fall in like-for-like mortgage approvals in March. These figures would appear to indicate significantly different outcomes in the short to medium term but many investors still continue to cling on to the hope of a short-term recovery in the UK property market.
Increased liquidity, competition in the mortgage sector, a fragile increase in consumer confidence and words of encouragement from the UK government have all come into play over the last few weeks. However, after initially looking as if the UK property market was at least slowing down its rate of decline there has been little follow through in the short to medium term. Quantitative easing and relatively low base rates will have a part to play in the recovery of the UK property market but how and when this may happen is very much open to debate.
It seems that for every positive report on the UK property market we see a negative report creeping under the radar. Initially there was a feeling of growing confidence in the UK property market but the last few days have seen investor confidence turn downwards in the wake of political unrest and yet more bad news on the employment front.
Share this..
Related stories
Online tool finds fuel poverty 'hot spots'
A new online tool for pinpointing England's 'hot spots' of fuel poverty has been launched by the Centre for Sustainable Energy (CSE) and the University of Bristol.The so-called Fuel Poverty Indicator (FPI) highlights those areas most affected by fuel poverty - defined as expensive-to-heat abodes with badly insulation, high fuel costs and low income.Advocates of the tool say the FPI can predict the...
Read MoreFirst time buyers fight back
First time buyers are fighting back at the recent dip in the property market and are still on the lookout for a good mortgage deal, according to research from Fair Investment.A survey by Fair Investment has shown that despite overall mortgage enquiry figures for the past three months being down on the total for the first three months of the year, the number of first time buyer inquiries has signif...
Read MoreThe real reason why Lord Mandelson attacked Barclays bank
The very high-profile and very personal attack on Barclays bank president Bob Diamond has grabbed the headlines in many newspapers in the UK this weekend. However, there are discussions as to why Lord Mandelson chose this weekend to launch his attack, so what is the real reason behind the move? Why did Lord Mandelson choose to attack the UK banking sector yet again? One very popular theory rega...
Read MoreAlistair Darling will do whatever it takes to balance the books
Last night's Mansion house speech caused great controversy when Mervyn King, the governor of the Bank of England, demanded further regulatory powers for the bank however Alistair Darling also made a number of potentially controversial comments. The Chancellor of the Exchequer suggested that there are "green shoots" of recovery in the UK economy but that any potential expansion of the UK business a...
Read MoreConservative party promises swift action on budget deficit
George Osborne, the shadow chancellor of the exchequer, has today outlined what action the Conservative party would take in its first few months in office with regards to the ever-growing UK budget deficit. Estimated to be around £175 billion at the moment the budget deficit needs to be addressed as soon as possible and George Osborne has promised significant spending cuts across the board if, as...
Read More