Real Property Prices: Understanding what is happening in a Summer property market is always difficult due to the impact of the holiday season. This, coupled with the poor economic news of trouble in Europe, the USA being downgraded from its triple AAA rating, economic growth in the UK being worse than forecast and the stock market tumbling from nearly 6,000 to 5,000, could have caused the property market to stall dramatically. READ MORE
House Prices Forecast: Knowing what's going to happen in the future property market is a tough thing to get right for any pundit at the moment. In the current property market, predicting this at a national level is almost a fool's errand too as pockets of the country and certain property types are holding up remarkably well, whereas in some areas, the ‘double dip' in property prices is well and truly underway.What will happen to Christmas 2011?
Monday 31 October 2011
Tuesday 11 October 2011
Buy Property Investment to Renovate
Renovate Property
With the property market firmly in the doldrums unless you are lucky enough to afford £500,000 plus properties in wealthy areas of London and around the UK, many people are looking at investing in property, hoping to buy at a bargain price, renovate and sell on at a profit. The key question though is in a stable to falling market will renovating property for profit pay off?
Years of Sarah Beeny's Property Ladder has instilled a real desire in the UK to buy a wreck and turn it into a beautiful home which you can sell at a profit either now or later on. The problem though is making a profit out of renovation during a recession is quite tough - especially with the restrictions on mortgage lending. And that's why we aren't seeing many property programmes on our TV screens at the moment!
READ ON TO FIND OUT MORE about renovating property as an investment
With the property market firmly in the doldrums unless you are lucky enough to afford £500,000 plus properties in wealthy areas of London and around the UK, many people are looking at investing in property, hoping to buy at a bargain price, renovate and sell on at a profit. The key question though is in a stable to falling market will renovating property for profit pay off?
Years of Sarah Beeny's Property Ladder has instilled a real desire in the UK to buy a wreck and turn it into a beautiful home which you can sell at a profit either now or later on. The problem though is making a profit out of renovation during a recession is quite tough - especially with the restrictions on mortgage lending. And that's why we aren't seeing many property programmes on our TV screens at the moment!
READ ON TO FIND OUT MORE about renovating property as an investment
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