4 Reasons Why the UK Property Market Will Not Crash
September 6, 2009 by Janet7
Is it really possible to make money in UK through Property Investment even during recession?
Some people are concerned about the possibility that the housing market in the UK is headed for a crash similar to what has happened in Spain and the USA. While there are some commonalities between these housing markets and our own, the prices here are not going to approach the levels seen in those countries.
How can we be so confident about this? Because the demand for housing far exceeds the supply.
Government projections are that only 100,000 new homes will be built in the UK this year; this is only a quarter as many as are needed before 2009! So until housing construction in the UK can match the large and growing demand for housing, the market is totally safe.
The truth behind hype: why the market is in no danger of a crash.
Some in the media may tell you that the UK is on a course towards Spanish and American style housing crashes, but in truth nothing of the sort is occurring:
1. Spain’s is housing market is struggling because they are still building more housing than there is demand for. While for property investors this is a great scenario, it isn’t so healthy for resellers.
The UK has exactly the opposite problem.
183,000 new homes were built in the UK in 2005. This may sound like a lot of new construction, but is far short of the amount of new homes needed to impact the market to the extent that prices would drop. This would require the construction of 245,000 new homes annually, a goal we are falling far short of at the present.
2. Between 2000 and 2006, the UK’s population rose by 1.7 million, which meant that around 800,000 new homes would be needed. Even though over 1 million homes were built in this timeframe, it was still not enough to account for the demand created by second home ownership.
3. When consumers are looking to buy a new home, they don’t compare their salary against the purchase price of the home, they compare it against the size of their mortgage payments.
While you will hear the argument that the proportion of mortgage payments to household income has grown from 15% in 2001 to 19.6% in 2005, these numbers are still far short of the 34% seen in the housing crash of 1989.
4. As economic growth continues, it is only natural that certain areas have kept pace with demand while others can simply not grow fast enough.
Take full advantage of the market abroad: start building a successful portfolio today.
When you think about the housing crashes in the US and Spain there is another perspective to look at it from – opportunity for property investments.
By investing in Spanish properties, you could bring in an income of more than 500 pounds a month!
It’s
You could buy properties for 40% under the asking price! With the right planning, you could buy quite a lot of property in Spain for a very low investment.
With the right property investment course and property investment mentor anyone can decent money in UK. Moreover, smart investers says that recession is the right time to invest on UK properties.
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me too charles your a luck man
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Maybe your house is of some great historical interest and the council have them on display in the local museum. You will have to contact the solicitor or who ever kept your deeds to trace them for you.
[...] often hear business ventures from affluent people. Most Investors who have enough money will embark on a limited partnership with a new company. This may sound good [...]
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NrthLondonBoy has added a photo to the pool:
Chatsworth House is a large country house at Chatsworth, Derbyshire, England 3½ miles north east of Bakewell (GB Grid SK260700). It is the seat of the Dukes of Devonshire, and has been home to their family, the Cavendish family, since Bess of Hardwick settled at Chatsworth in 1549.
Standing on the east bank of the River Derwent, Chatsworth looks across to the low hills that divide the Derwent and Wye valleys. The house is set in expansive parkland, and backed by wooded, rocky hills rising to heather moorland. Chatsworth’s garden is one of the most famous in England. The house contains a unique collection of priceless paintings, furniture, Old Master drawings, neoclassical sculpture, books and other artefacts. Chatsworth has been selected as the United Kingdom’s favourite country house several times.
en.wikipedia.org/wiki/Chatsworth_House
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You should do, because I don’t depend on a car to get around and take away food to eat like you.
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Soaring temps might press utilities in eastern US (AP) -