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".
Property slowdown 'could hit first time buyers'
Contrary to some hopes that a slowdown in the property market could result in more people being able to get onto the bottom rung of the ladder, it has been claimed that the current circumstances could be bad news for first time buyers.Lucian Cook, director of research at Savills, warned that first time buyers are unlikely to benefit immediately from a slowdown in property prices and the global cre...Read More
Is the UK property market on the verge of collapse?
Today's revelation that the average property price in the UK fell by £6000 in September, compared to August, was a bitter blow for those hoping that the UK market would remain strong in the short to medium term. If we are seeing significant falls in the cost of property in the UK even before the vast majority of government austerity measures have kicked in, the situation in the short term does no...Read More
Is it Time To Build Your Eco House?
While the eco housing revolution has never quite taken off in the UK it seems that now may be the time to try and bag a prime plot for your dream home. Industry experts are suggesting that the recent fall in property and land prices has brought more people back into the market with prices more reachable. It also seems that more people are looking at both eco and energy efficient housing as a way...Read More
Cost of moving 'almost £10,000'
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House sales match peak of 1980s boom
Britain's property sales reached their highest number in 2006/07 since 1988, the year in which the property market took a nose dive, new figures show.Statistics from HM Revenue and Customs (HMRC) show that a total of 1,859,000 flats and houses were sold in the UK in 2006/07.In 1988 the number of homes sold in just England and Wales stood at a record level of 2,148,000. That figure dropped by more...Read More