Why The Current Property Slowdown Shouldn't Stop You Investing
Ever since the great mortgage crisis of 2008, the normal view of the property market
is as something of a mess, without genuine initiative to move ahead, and nothing happening in terms of sales. There have been so many reports that UK property investment has hit a severe lull, coming in abruptly after the seller's market of the first half of the decade. It is however a fact that the several estate agents UK firms have shed are now employed in the property rental business. When purchasing houses is yet low down on the market, it is clear that renting out properties yet has a lot of mileage.
The slowdown has had a drastic effect on the way in which bankers choose to lend money to people trying to invest in property. For estate agents, UK banks are finding it hard to lend to first-time buyers. Meanwhile, it is likely that the government will start pressing banks to develop mortgage products which can be used by these first time buyers, and also to make sure that builders of new homes do not have a hard time finding investments.
When the banks are yet holding on to the money, nevertheless, the present housing situation is expected to continue in limiting house availability, and make demand to increase.
While it is obvious that there will not be a sudden recovery from the financial troubles of recent years, it is also true that the UK economy's growth has not cut down on the number of people who would like to own a property. New owners are springing up into the market from every corner of the UK, and for this reason UK property investment is still a valid choice. Some large-scale clients are now asking their agents to discover specific properties for them, looking for ways to get further in the property market.
This is why there is no reason that you should be concerned about making investments in the current UK property market. The rental market is still holding quite strong, and it is expected that rental properties in London will continue to exact great monthly payments. Few investors are also looking into the North to be the next place to start seeking for rental properties, with some areas of North Yorkshire presently vying with London regarding the price of homes. Smart investors will know that the present market promises high returns in the form of monthly rent, and they can still sell the property once the UK property market starts to boom again.
by: Rick Otton
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