Posts Tagged ‘UK Property’

The UK Property Market

Thursday, December 15th, 2011

“This is boom time for the UK economy and rising house prices have made a lot of people in this country very rich”.

Indeed, wading through the plethora of housing statistics that are produced by a diverse set of UK organisations, it’s clear that UK property prices have been rising for more than a decade. In the past year alone, the average price of a UK property has risen in value by around 10%.

This property boom has been driven by a number of factors – the UK has historically low unemployment figures, with interest rates having been at low levels for much of the past ten years.

The cost of borrowing has been low, while banks, building societies and other mortgage lenders have all been keen to lend money to potential home-owners.

The property market has also seen a transition – gone are the days when the majority of buyers were simply looking for a home. Now, everyone’s looking for an investment.

Such has been the performance of the UK property market that some have even started to look at property as a means of providing for their pensions. Across the country people are snapping up properties and then renting them out.

The plan is to make money from the rental incomes, while also seeing the properties rise in value. The buy-to-let phenomenon has arrived and has been keeping the market buoyant.

Recent months have seen some warning signs appear. Darker clouds hover, in the shape of rising interest rates.

As the UK has developed a debt culture, inflation has started to rise and economists are keen to see it kept under control. The result has been some sharp increases in interest rates.

All of a sudden, the cost of borrowing is rising. Making a profit from buy-to-let, at least in the short-term, could become more difficult. There is even hushed talk of a house price crash, last witnessed almost 20 years ago.

England – The Best Places in UK Property Investment

Friday, May 21st, 2010

England is one of the largest countries in United Kingdom and is often the main option of property investors for their investment. Many home buyers prefer to buy property in England because it offers a broad range of impressive and attractive choices both in rural and urban areas. It has also beautiful places that are popular for property investment such as London, Oxford, and Bath.

London belongs to the world’s great cities. It has tourist spots, fantastic monuments, prisons, and cathedrals that are said to be the main attraction in the West. It has world class museums which include some of the best historical collections that usually cover science, natural history, art works, books, medieval weapons, and primitive features.

It also abounds with churches and cathedrals that will surely catch your attention. The shopping is impressive whether at the shops on Regent Street or the boutiques at Beauchamp Place. For so many years, London had successfully developed an extraordinary set of new restaurants which offer high class foods from international destinations.

The next spot is Oxford which is commonly known for a splendor and stately architect of the popular Oxford University. The scenic grounds of the said university serve as the memoirs of history. Don’t miss the opportunity to visit in the Christ Church Cathedral for its superb stained glass.

The town of Oxford is the access through England’s best rural place which is the Costwolds. The place is famous for its rounded, beautiful hills and long streams. It has attractive scenery, charming villages, good, unique foods and amusing shopping as well.

The last destination is the Bath which is internationally famous for its remarkable hot springs. For many decades, Bathe has been the most amusing spot and it is also the best place to spend an afternoon. Bath Abbey is hailed as the city’s famous Roman Baths. If you are there in afternoon, try to drink tea at the Pump Room in the Roman Baths.