wages are failing to keep up with this rise and a lack of lending means first time buyers are finding it difficult to get onto the property ladder. All this means that property prices are subdued 3万网购兰博基尼 俄罗斯发生泥石流

Real-Estate Is NOW a good time to INVEST in UK property? House prices in the UK continue to fluctuate up and down but are generally being held down by the economic problems afflicting the country. As the cost of living and fuel prices rocket, wages are failing to keep up with this rise and a lack of lending means first time buyers are finding it difficult to get onto the property ladder. All this means that property prices are subdued, but evidence has shown that luxury property is enjoying strong signs of growth and that the return on buy-to-let is also an attractive investing option. This would suggest that while property prices and sales are down UK property still has vast areas of potential and now could be a good time to invest before prices begin to recover. Are house prices in the UK rising? Figures recently released by the Land Registry show that house prices have risen by 1.3% in July, but that the average property value was still 2.1% less than the same time last year. The largest decrease in property values has been seen in the North East while the South West has enjoyed the biggest increase over the month. Worryingly over 800,000 of homeowners with a mortgage are in negative equity as a consequence of the decrease in property value, research by the Council of Mortgage Lenders has shown. Are UK property sales on the rise? Many properties are sitting on the market unsold, much of this is due to a lack of demand and the difficulty in borrowing, but another significant factor is the unwillingness of homeowners to drop their asking price particularly homeowners who bought property in the boom and are now in negative equity. The number of property transactions did rise in July but, compared to the same time last year, are still down by 10%. In July this year there were 79,000 properties sold on the market this can be compared to July 2007, during the property boom, when over 150,000 properties were sold. The small increase in house sales is due to homeowners finally bringing their asking prices down to a more realistic level rather than a signal that the market is recovering. Is now a good time to invest in UK property? Clearly the property market is still struggling and it is very much a buyers rather than a sellers market. Prices are low and therefore now is a good time to buy. A lot of prices are superficially being held up as people are unwilling to sell their homes for so much less than their mortgage, when the economy begins to recover it is clear that sales and price will begin to rise as well, so it is a good time to take advantage of the difficulties in the housing market. Furthermore the young generation have been dubbed generation rent because young people are finding it so difficult to get first-time buyers mortgages, this inability to purchase property and their difficulty in saving has lead to a shift in attitudes in favour of renting rather than purchasing accommodation. With rents reaching record highs investing in property to let is a worthwhile UK property investment. As many property owners face the inevitable and drop their price in order to get a sale, keen investors should take advantage of the residential housing market while prices remain so low. Particularly those who have their finances in order to invest in buy-to-let as generation rent takes over investing in rented accommodation could prove an extremely lucrative market. About the Author: 相关的主题文章: