Investors urged to look at quality of property and long-term potential Property investors and landlords have been urged to take a long-term view of their assets to weather the economic downturn. While property values may not fully recover over the next 12 months, Edinburgh property management specialists Cullen Property are advising clients to stay calm [...]
Charity warns that low earners will not be able to pay their rent under new allowance scheme Sara Gaines, guardian.co.uk, 30 December 2008 Reforms to housing benefit could push claimants into ghettos as tenants are forced to move to the outskirts of towns where housing is cheap but jobs scarce, a charity warned today. Shelter [...]
House prices in Britain are set to fall by an average of 10 per cent next year, according to forecasters, with some experts expecting the decline to bottom out after summer. Daniel Thomas, Property Correspondent, FT.com – 29 Dec 2008 There is a wide disparity between the most optimistic forecasts – that the market will [...]
UK commercial property prices have already fallen by 25 per cent since last summer, but there is now clear evidence is that the UK property market has entered its so-called “double dip” phase as falling rents from struggling office and retail occupiers began to accentuate already dropping prices in the cyclical market downturn over the [...]
Alex Knight took in a lodger just a few days after giving birth to her youngest child. “I knew I would need someone who would be quiet and not wake the baby,” she says. “We took in a 19-year-old girl, who’s very sensitive about our family life but who also loves playing with the children. [...]
We’re constantly being reminded that investments go down as well as up, but how many buy-to-let investors could have predicted the market would be this volatile? Laura Howard, The Independent on Sunday – 14 Dec 2008 After seeing at least 15 per cent wiped off the value of their property investments in the past year, [...]
Sharp falls in sterling and the prospect that interest rates could hit zero per cent next year are luring foreign buyers into the UK property market. Sharlene Goff – FT.com – 19 Dec 2008 Property prices will end the year about 15-25 per cent down on last year which, together with the recent plunge in [...]
The housing market endured a torrid time during 2008 and few economists expect 2009 to be much better, with some predicting prices could fall by up to 20% next year. Jon Land for 24dash.com in Housing – Friday 19th December 2008 Homes have lost around 15% of their value during the past 12 months as [...]
Fears were growing last night over the financial health of some of Britain’s largest housing associations. Vince Cable, Liberal Democrat Treasury spokesman, asked the Government in the House of Commons what it proposed to do about those facing “grave financial difficulty” and in “danger of collapse” . Francesca Steele, Times OnLine.co.uk – 17 December 2008 [...]
December 2008 edition of the LandlordZONE Newsletter. Motivational Coaching & Property Investment Download the Full Newsletter The Credit Crunch has brought home to us important lessons about asset values, how they can be over-inflated and how rapidly these can be destroyed. With commercial property values likely to decline by 50% peak to trough, and likewise [...]
