Is the long-term growth trend in UK property still in place?
Despite the fact that UK property market has been a volatile over the last three years, and indeed according to many is on the verge of a further downward spiral, the truth is that in the longer term the UK property market is likely to remain buoyant and in demand. When you take into account the ever-growing population of the UK and the reluctance of many local authorities to build further council houses it seems almost inevitable that demand for existing houses and new properties will grow.
The problem for the UK authorities is that the UK's is a relatively small island and due to significant underinvestment on new properties in the past there is still a long-term imbalance between supply and demand. Even those who argue that UK property is too expensive for first-time buyers have to admit that the more people who rent in the UK the more demand properties. So while the short-term situation may not look too attractive for the UK property market there is no reason to believe that the longer-term upward trend, which has been in place for decades, will be broken in the short to medium term.
However, that is not to say that now is the time to buy UK property with indicators suggesting a difficult time ahead in the short term.
Share this..
Related stories
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 MoreHelp to buy scheme extended for new homes until 2020
17/03/2014 House builders have been handed a boost by the government today as the chancellor announced that the first stage of the help to buy scheme will be extended until 2020, allowing a further 120,000 houses to be built. The first part of the ‘Help to Buy’ scheme is specifically aimed at helping people buy new build homes, and was originally expected to end in 2016. However, thi...
Read MoreIs Caroline Flint As Sharp As She Thinks?
News that housing minister Caroline Flint has today gone out of her way to stoke the fires of the stamp duty argument yet again has left many in the industry completely and utterly at a loss to know what is happening. First we had the Chancellor hinting at a possible stamp duty holiday for home buyers, then we had the Treasury claiming it was not even under consideration, now we have Ms Flint con...
Read MoreGeorge Osborne set to target banks and property owners
In a move which will certainly upset the traditional core Conservative party support in the UK it would appear, from leaks emanating from 11 Downing St., that George Osborne is set to make UK banks and property owners pay the price for the depressed UK economy. There have been rumours for some time about a potential banking levy and the proposed increase in CGT could hit as high as 50%, on a par w...
Read More'Stamp duty must change'
Nearly three quarters of Britons want to see stamp duty reformed, according to GE Money Home Lending.With only one day to go until Chancellor Gordon Brown's eleventh budget speech, GE Money's research reveals that 71 per cent of people think stamp duty prices need to be changed to keep in line with soaring property inflation rates.Yet the nation seems divided as to what changes should actually be...
Read More