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".
House price growth continues into 2007
Britain's house price growth continued undeterred by interest rate rises in January, government figures show.Statistics released today by the Department for Communities and Local Government (DCLG) reveal that the average UK house price stood at £205,286 in January, up from the £201,090 reported for December last year.Britain's annual house price growth accelerated from 9.9 per cent in December t...Read More
Fixed mortgage rates fall to record lows
04/04/2016 Mortgage rates for two and three year fixed rate loans have fallen to record lows in February, according to research by the Mortgage Advice Bureau. The average rate for a two-year fixed rate mortgage fell to an all time low, from 2.56pc to 2.54pc, when compared to the previous month. A similar trend was also recorded for three-year fixed rate mortgages, which fell from 3.01pc to 2...Read More
Sellers 'could save thousands' online
It was reported yesterday that the new trend for selling houses without the assistance of an estate agent can be more profitable than was first imagined - thanks to the increasing use of the Internet in property sales. There is the potential for users 'going it alone' to save thousands on agency fees if they act through a neutral property website instead of relying on an estate agency. It is thoug...Read More
How low can the UK property market go?
The UK property market has been under pressure for some time and opinions amongst experts are very mixed with regards to the direction in 2009. While many are hopeful of a stabilisation in the market there are others suggesting that 2009 could actually be worse than 2008. However, the majority of parties with an interest in the property market are of the opinion that until bank lending is resurrec...Read More
Five buyers chasing every home in the UK
It has been revealed that on average there are five potential buyers chasing each and every home up for sale in the UK at the moment. While in a normal market this would be welcome news and see prices pushed further and further ahead, in this particular market, where transaction levels are still fairly low, many people are concerned that a bubble is brewing which could pop at any time. So what is...Read More