buy properties – Is Now a Good Time to Buy Property in the Uk?
Is Now a Good Time to Buy Property in the Uk?
Free Online Articles Directory
Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers
Publish Article
0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login
Login via
Register
Hello
My Home
Sign Out
Email
Password
Remember me?
Lost Password?
Home Page > Finance > Is Now a Good Time to Buy Property in the Uk?
Is Now a Good Time to Buy Property in the Uk?
Edit Article |
Posted: Apr 26, 2008 |Comments: 0
|
Share
]]>
The global financial World is in a state of more turmoil than most people can ever remember seeing. The rumours of a UK property crash are abundant and many people are rightly asking, “is it the wrong time to buy property in the UK?”
But are we really on the verge of the property market crashing down around us?
This article will explore what’s currently happening in the financial market and whether now is the wrong time to be buying property in the UK. It’s goals is that after reading it you will have a much better understanding of the current financial climate and how you can still make money in it.
What’s happening in the financial markets around the World?
The speed and the depth of reach of the fall out from the sub prime financial crisis in the States has taken many investors and financial organisations by surprise. Many people knew that the stability of the US economy had far reaching implications for the rest of the World, but just how far, is only just becoming apparent.
There has been a panic amongst lenders in the UK and a reluctance to really admit how hard they have been hit. Banks are no longer lending money to each other as freely as they used to and they are all suspicious of the state of each others finances.
All the big lenders appear to have been hit heavily. Some of them are now admitting it openly and asking for help from shareholders while others are determined to try and put a brave face on and try to brave it alone.
The Bank of England is desperate to keep the mortgage market stable and the economy going forward. There is confusion within the Bank of England as to what is the best way to achieve this, but as a result of them knowing something has to be done, they have decided to make 50 billion pounds available to try and help curb the problem.
One thing that that has become abundantly clear is that many banks and financial organisations appear to be run by people with very little business and financial savvy themselves. Criteria that have been set in the past for lending purposes seem to have gone out the window and one has to ask oneself, on what basis where they set in the first place?
On the whole, 100% plus mortgages seem to have been abandoned. Big players in the buy to let mortgage market, such as Mortgage Express, have pulled key products, such as their same day remortgage product and are now insisting investors have had their property for at least 6 months before being allowed to remortgage.
Many property investors are finding life difficult as they are having a hard time finding mortgage products that make buy to let investing financially viable.
Surveyors seem to be running around like headless chickens, not really having a clue how to value properties in the current climate. While they where confident of their valuations in a more stable market, bring in a little instability and their valuations seem to be on shaky ground, with each surveyor looking over his shoulder and being scared to overvalue properties, hence many times undervaluing them.
Off plan property investors are being especially hard hit since surveyors are being particularly caution with anything that it is difficult to get comparables for. Properties that where bought off plan 18 months ago are now coming to completion and are not worth what they where projected to be worth.
The lending World has shown how fragile it actually is and the truth has been laid bare for all to see.
Should we stop buying property in the UK altogether?
Good question. And with the speculation of a UK property market crash, it is a question that many investors are asking. However, experienced property investors, have seen similar things before, and because of this, they don’t get caught up in the endless speculation of what’s happening in the property market. They know that they just need to focus on buying BMV properties based on local affordability that have good rental yield and they will be fine.
They are confident that if they can buy these properties for around 4 times, or less, of what the local average salary is and they can manage to get a reasonable rental yield, then long term they are onto a winner.
However, if you are looking at buying in areas where the property prices are 7-10 times the local affordability then you are potentially on shaky ground.
These are great learning times for the positive thinking UK property investor. For the next few years you probably won’t be able to complacently buy a property anywhere in the country and just expect it to rise in value. Now, is the time when you have to learn your craft properly. It’s time to go back to school.
For the investors that understand the property and financial markets, and learn how to work with them in any and all conditions, then the next few years promise to be times of learning and expansion, not contraction. Yes, there are difficult times a head, but out of huge challenges can come tremendous growth.
Retrieved from “http://www.articlesbase.com/finance-articles/is-now-a-good-time-to-buy-property-in-the-uk-397037.html”
(ArticlesBase SC #397037)
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
Carlton Johnson -
About the Author:
Making money from property is possible for most people, to learn more free tips and to get some expert advice on how to do it visit the www.investment-property-guru.com website.
]]>
Questions and Answers
Ask our experts your Finance related questions here…200 Characters left
How does managing a hotel restaurant differ during good times and bad times?
I’ll try to come in some good time … is this correct
It’s been four months,with my boyfriend,and there are good times and bad. we have argue and almost broke up once. but we are still together. He still wants to be with me. How do i know if he loves…
Rate this Article
1
2
3
4
5
vote(s)
0 vote(s)
Feedback
RSS
Print
Email
Re-Publish
Source: http://www.articlesbase.com/finance-articles/is-now-a-good-time-to-buy-property-in-the-uk-397037.html
Article Tags:
buy property in the uk, uk property crash, uk property market
Related Videos
Related Articles
Latest Finance Articles
More from Carlton Johnson
Rick otton uncovers new strategies property investment
Stop wondering why property investment seems out of reach New strategies for property investment that do away with the risk traditional associated with property investment New levels of speed and efficiency in profiting from the property market (04:08)
How to Buy Commercial Real Estate
Learn how to purchase and secure commercial real estate property. (01:17)
How to Find Real Estate Opportunities in a Recession
In Chapter 4 of 9, real estate developer Brett Goldman highlights how distressed financial markets are creating broader real estate opportunities for patient investors, deal makers and developers. New options beyond traditional broker and owner relationships combined with non-performing bank loans and borrowing shortfalls provide real estate developer Goldman a platform to offer services, including buying loans, fee managing properties, or forming joint ventures. (01:59)
How to Buy Real Estate
Why more and more homebuyers are opting to work with mortgage brokers to secure financing. (02:13)
How to Buy a First Home
This home video deals with tips from a real estate expert on what to consider when buying first home. (02:31)
Property acquisition is a secure investment in any property market
Property buying is a permanent asset in most cases. Keep reading to discover the main known reasons that make property the wise investment for people who invest at the moment.
By:
articleguyyl
Businessl
Jun 30, 2009
Hot Property UK – The Factors that caused Property Prices to fall from 2007
The factors that caused property prices to fall from 2007 are oversupply of city centtre flats, the introduction of home information packs and the credit crunch
By:
Mark Bottomleyl
Finance>
Real Estatel
Dec 04, 2009
The State of Property Prices in the UK
The UK property market is not exactly in the best of shape. Property prices in the UK have dropped significantly over the past few months, and the market is quite troubled.
By:
Iain Stubleyl
Finance>
Real Estatel
Sep 30, 2008
Is It The Right Time To Buy Cheap Property In Th UK?
Uncertainty and nervousness is currently gripping the global financial markets. Many property investors in the UK are wondering whether to buy property in the UK at all in the current economic climate. But are we really on the verge of the property market crashing down around us? This article will explore what’s…
By:
Carlton Johnsonl
Finance>
Real Estatel
May 15, 2008
Property in Turkey – is now the time?
Considers the prospects for the Turkish property market in 2009.
By:
International Property Agentsl
Finance>
Real Estatel
May 07, 2009
Commercial Property in South Africa Yields Good Returns for 2008
The year 2008 saw many grief stricken property owners pulling out their hair in disbelief as the world markets came crashing down around them.
By:
Alter Sagel
Finance>
Real Estatel
Apr 30, 2009
Good News In The Housing Crash
It is hard to find anything good to talk about in a housing crash, but when banks start to repossess homes, the auctions offer ample opportunities for investors. The banks lost control in 2002. They became greedy and started lending without checking references, income, or credit rating. Last year the US…
By:
Mark Waltersl
Marketingl
Dec 07, 2007
Several recommendations on Gulf Coast Claim Can Be Found On the internet
Additional claims ought to be made with the GCCF and not with BP to ensure that every claim can be treated pretty and end up with a possible resolution. So if you think you might be entitled to a Gulf Coast claim following the devastating effects of the BP oil spill, go directly to GCCF to get started together with your claims.
By:
HeatherSimpsonl
Financel
Dec 23, 2010
Comparing Travel Insurance in Dubai
Are you going on a holiday or a business trip soon? Then, you’ll need a travel insurance policy so you stay protected during your journey.
By:
Kinjall
Financel
Dec 23, 2010
Honey Get the Door It’s The Change in Our Term Life Insurance
“Term Life Insurance” is not just an affordable choice for many Americans needing the financial security of obtaining life insurance to cover their survivors or beneficiaries needs, or for paying debts they might owe.
By:
Walter Sigmorel
Financel
Dec 23, 2010
QNUPS- Eligibility and Other Vital Information
In the wake of such complexities, it is better to know your eligibility and options before deciding on QNUPS. As the QNUPS rules are subject to changes in interpretation from time to time, it is advisable to be aware of all such facts before going for it.
By:
amram shakesl
Financel
Dec 23, 2010
Basic Facts about QNUPS
It is very important to understand what QNUPS is all about before getting into it. Try and understand its meaning, benefits and implications before deciding to invest in QNUPS.
By:
amram shakesl
Financel
Dec 23, 2010
QNUPS FAQS – All You Need To Know About QNUPS
QNUPS helps you evade the Inheritance Tax, thereby insuring your hard-earned wealth against the exorbitant taxes. You can safely pass on your possessions to your successors without having to lose much in the process.
By:
amram shakesl
Financel
Dec 23, 2010
QNUPS for Avoiding Inheritance Tax (IHT)
QNUPS is an effective instrument that can be used for the Inheritance tax exemption. It has no maximum limit as far as investment of assets is concerned; so, you can do absolute justice to your hard-earned money as well as property.
By:
amram shakesl
Financel
Dec 23, 2010
QNUPS And Taxes
QNUPS offers immense tax benefits to offer. Apart from doing away with the IHT, it allows you to ward off many local taxes and Capital Gain Tax.
By:
amram shakesl
Financel
Dec 23, 2010
How Can I Predict How Long My Panic Attack is Going to Last?
The duration of a panic attack is determined by a number of factors and as such there is no fixed answer to the question that how long does a panic attack last. The answer to this question is not set in stone and it will vary from person to person….
By:
Carlton Johnsonl
Healthl
Apr 01, 2009
lViews: 194
Investment Properties For Beginners – 8 Tips on How to Start Making a Fortune From Property Today!
If you are a novice property investor looking for information on investment properties for beginners, this article should help make your life easier. It details eight tips that will help you in your quest to become a landlord. Don’t believe the hype. It doesn’t matter if it is negative or positive…
By:
Carlton Johnsonl
Finance>
Real Estatel
Sep 08, 2008
lViews: 575
Should Investors Still Be Buying in the Current Market?
Should property investors still be buying properties in the current property market? This article endeavours to explore this question and answer it once and for all. In the last few months many lenders have made it increasingly difficult for new entrants to break into the buy to let market. The credit…
By:
Carlton Johnsonl
Finance>
Real Estatel
Jul 28, 2008
How To Buy Investment Property – 5 Top Tips!
Are you interested in learning how to buy investment property successfully? This article will give you 5 top tips that will help you succeed and make money from your property investments. Let’s get stuck straight into these tips. 1. Do your research. If you are buying a property in the hope of…
By:
Carlton Johnsonl
Finance>
Real Estatel
Jul 28, 2008
lViews: 144
How to Plan and Achieve Your Property Investing Goals!
This article explores the importance of goals setting in order to be successful at property investing. It gives helpful hints and guidance as to why you need to set goals and what sort of goals to set.
By:
Carlton Johnsonl
Financel
Jul 15, 2008
Compulsory Purchased Orders Explained
This article will give you the definition of compulsory purchased orders. So that if you ever come across them you will know what they are and you will be able to make an educated decision as to whether to buy a property that is subject to a CPO or whether to avoid it.
By:
Carlton Johnsonl
Financel
Jul 12, 2008
Why Most Investors Should Still be Buying Properties
This article explores whether it is still wise for investors to be buying property at the moment, or whether they should hold off and wait for better times financially. It also gives tips on how to buy property successful in any financial environment.
By:
Carlton Johnsonl
Financel
Jul 08, 2008
5 Key Points on How to Buy Investment Property
This article will give you 5 straight forward, simple tips that will help you to buy investment property and make a profit every time you do it.
By:
Carlton Johnsonl
Financel
Jun 27, 2008
Add new Comment
Your Name: *
Your Email:
Comment Body: *
Verification code:*
* Required fields
Submit
Your Articles Here
It’s Free and easy
Sign Up Today
Author Navigation
My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box
Carlton Johnson has 16 articles online
Contact Author
Subscribe to RSS
Print article
Send to friend
Re-Publish article
Articles Categories
All Categories
Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Finance
Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building
]]>
Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog
Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Webmasters
RSS Builder
RSS
Link to Us
Business Info
Advertising
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2010 Free Articles by ArticlesBase.com, All rights reserved.
Making money from property is possible for most people, to learn more free tips and to get some expert advice on how to do it visit the www.investment-property-guru.com website.
Calabria is located at the tip of the Italian boot and is one of the most beautiful and dramatic regions of Italy. www.incalabria.com At this link you will find some of the best most carefully selected property in Calabria for sale. InCalabria Ltd. are one of the first international developers with a proven track record since 2004, but the partners have lived and worked in Calabria since decades. We consistently deliver quality set in tasteful and small developments that give a real taste of La Dolce Vita in Italy. Our head office is in Tropea, Italy and we know the region like nobody else.
Video Rating: 4 / 5
Find More Buy Properties Articles
