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".
Share this..
Related stories
Stamp duty holiday approaches conclusion in property market
When the UK government removed the 1% stamp duty on the purchase of homes with a value between £125,000 and £175,000, to inject interest into the marketplace, this was well received by property investors. However, the scheme is set to end on New Year's Eve 2009 with 1% stamp duty to be charged on properties with a value of over £125,000. As a consequence many estate agents are suggesting their...
Read MoreStudent flats scam proving a disaster
While the life of a student can be one of small budgets and wafer thin expenses, an ongoing student flats scam is proving a disaster for many. Fraudsters are using the Internet to attract students to "cheap properties" and asking them to forward their bank details or send money to secure a deal for the property. However, many students have found out these properties do not actually exist and when...
Read MoreCrunch time for the UK property sector
Despite signs of recovery in the UK property sector, both commercial and domestic, there are concerns that over the next five years we could see something of a liquidity crunch in the UK commercial property market. It is believed that banks were forced to waive certain conditions attached to property company loans in the aftermath of the credit crunch, although there is potentially around £160 bi...
Read MoreOne-in-four would change location to get on the housing ladder
One-in-four first-time buyers would consider moving to a different part of the country to stand a chance of getting on the housing ladder, according to a poll by Abbey Mortgages.A shocking one-in-six would even consider moving abroad and the same number would take on three jobs if it meant that they could afford their first home. The research found a shift in attitudes towards getting on the prope...
Read MoreIs the UK property market dead?
As the UK property market continues to come under severe pressure and head downwards there are many people suggesting that the market may not recover for anything up to 10 years. However, these are probably the very same people who believed that the boom times in the UK property market would continue indefinitely and never saw the current recession arriving on the UK shores. So is the UK property...
Read More