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".
UK Homeowners Feeling Home Alone
A survey by Gocompare.com has shown that more than 3.5 million UK homeowners feel trapped in their own homes with the vast majority unable or unwilling to consider home improvements or moving location. It seems that the economic turmoil sweeping through the UK is starting to affect the thinking and attitude of home owners, something which could be a bad sign for the housing market.
Just 26% of 20-39 year olds will own a home in 2025
18/11/2015 Only 26% of people aged 20-39 years old will have their foot on the housing ladder by 2025 according to a report from PwC. The professional services network found that almost 60% of people in the 20-29 age bracket will be renting by 2025, and “generation rent” are now more likely to be a lot older than previous generations before they can buy their own home. This has been blam...Read More
Why is the London property market so strong?
A number of property experts have released their forecasts for 2010 with some suggesting that the London property market, i.e. central London, will again be the strongest in the UK during 2010 and will bounce back harder and faster than any other area of the market. Some people are even suggesting that London property prices will hit pre-credit crunch highs in 2010, which would indicate the London...Read More
Bank of mum and dad 'closing'
Parents are becoming less likely to hand out money to their children seeking to get on the property ladder.New research says that over the last decade, the proportion of parents paying their kids' deposits has fallen by six percentage points to 32 per cent.Scottish Widows bank, which carried out the survey of 3,511 adults under the age of 50, claims that parents are becoming more like a real bank...Read More
Are advertised property sale prices still achievable?
As the UK property market continues to head downwards many people are starting to ask the question, "Are advertised property sale prices still achievable?".
While not necessarily published in the open press there is evidence that a number of property sales are under discussion at prices which are significantly less than those advertised in the wider press. Despite a lack of headline...