Tuesday 23 December 2008

Bag a Bargain in the UK

In these days when bad, bad news seems to rain down on us like, well rain really, it is nice to see that someone can still look on the bright side. All this doom and gloom has meant that anyone with a few bob to spend is now at an 'all you can eat' buffet. Nowhere is this more the case than in the UK where property prices have been tumbling at an incredible rate. Of course that is only part of the story with the UK, the dramatic slide in the value of Sterling v's the Euro has meant that this is the single biggest buying opportunity that those with an interest in property across the water are ever likely to see.

There is a very interesting article on the site about the potential for realising value in the UK market.

From the article: "The huge rise in repossessions in the UK represents a significant opportunity and distressed property in general is where the market is now. According to the Council of Mortgage Lenders the number of properties repossessed in the first half of 2008 was up 48% on the same period the previous year: the figures are expected to rise to over 70% by the end of the year. Thousands of home owners, investors, developers and banks are in financial difficulties and are desperate to sell all sorts of different properties. Most want cash as quickly as possible and are often willing to accept huge discounts. Banks, of course, are particularly desperate for cash as they try to rebuild their balance sheets, but this situation won’t last indefinitely. The banks are already under significant pressure from the government to increase lending and liquidity is likely to ease further as interest rates fall. Investors should capitalise on this window of opportunity."

It's a very interesting piece and well worth a view if you've any interest in UK property or purchasing value in the market. To view the full article click here. If you couldn't be bothered reading it but would still like to be sent some listings of foreclosed, below market value (BMV) or simply very good value product in the UK, just fill in this form and we'll do the rest.

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For a selection of property in the UK click here.

For a list of agents selling property in the UK click here.

For independent articles on overseas property click here.

For advice on purchasing in the UK click here.

For news on the UK property market click here.

For new releases and product updates from UK agents click here.

For a selection of property exhibitions featuring UK property click here.

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