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 'slows'
House price growth slowed in May as a raft of properties came on the market in order to avoid costs associated with the forthcoming introduction of home information packs (Hips), a new survey has revealed.Of the estate agents and surveyors questioned by the Royal Institution of Chartered Surveyors (Rics) for its latest housing market study, 23.9 per cent more reported a rise than a fall in propert...Read More
EU vote could slow house price growth
08/04/2016 House price growth in the UK could slow down due to the uncertainty of the EU referendum, according to the Halifax. The lender claimed that property prices in the UK have increased by 10.1% over the past 12 months, which means that the average residential property is now worth £214,811. However, the mortgage lender has suggested that this growth could be set to slow down, be...Read More
A good salary can ease the step onto the property ladder
A good salary can ease the step onto the property ladderWith reports indicating that salaries are predicted to rise beyond inflation this April, a survey has shown that many first time buyers will rely on this money to get onto the property ladder.According to a survey by the Homebuyer Show, the majority - 39 per cent - of first time buyers said that they were most likely to use this increase in i...Read More
Rental demand drops
Demand for rental properties in Britain slumped during the last quarter, a new survey has shown.Research by the Royal Institute of Chartered Surveyors (Rics) claims that in the last three months tenant demand faltered while at the same time sales increased on the back of rising rental rates.In its quarterly survey Rics says 16 per cent more chartered surveyors reported a rise rather than fall in t...Read More
Are UK property prices on the way down?
A report by the Nationwide today suggests that UK property prices increased by just 0.1% in June citing fears of a potential double dip recession if, as expected, the UK housing market cools in the second half of 2010. This compares with a 0.5% increase, according to the Nationwide, during May and could well be bringing to an end a sustained period of recovery in the UK housing market. So what can...Read More