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".
Wales is hot property for investors
Buy-to-let landlords who have invested in Wales will have been pleased to see massive returns on their property, as rents have increased by a massive 33 per cent over the past quarter, according to Paragon Mortgages' latest buy to let index.The average annual rent that a landlord asked for in Wales has increased by 32.7 per cent between December and March, pushing it to £11,251 on an average prop...Read More
Tenants may receive more assistance where properties are repossessed
The Scottish government has today revealed plans to try and assist up to 300 families a year who are caught up in the repossession of their homes even though they have maintained their rental payments in line with their agreement. It is known that a number of landlords across the UK have failed to inform their mortgage companies that they have tenants who are paying rent and when the landlords fal...Read More
Is the property stamp duty holiday open to fraud?
Lawyers around the UK have voiced their concerns about the government's recent property stamp duty holiday announcement which will see first-time buyers exempt from stamp duty on the purchase of homes up to a value of £250,000. As we covered in one of our earlier articles, HM Revenue and Customs (HMRC) has laid out strict regulations regarding who can apply for exemption but there is even confusi...Read More
How can first-time buyers climb onto the property ladder?
A report yesterday suggested that the UK is fast becoming a property rental economy rather than a property purchase economy, something which has been in place for many decades. There are now great concerns that first-time buyers are effectively being priced out that the UK property market due to an increase in property prices and a lack of liquidity in the mortgage market. So how can first-time bu...Read More
What does the Dubai property collapse mean for the UK?
As we covered yesterday, the announcement that the main property developer in Dubai, and state-owned parent company, has asked for debt repayments to be suspended is a major blow for the sector. Even though the Dubai property sector has fallen substantially over the last 18 months, many were still surprised that the main developer Nakheel appears to be in so much trouble. In effect the company...Read More