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Mortgage Talks

In a release on Tuesday 15th 2008 it seems many believe that the media has exaggerated the situation in the market for housing, mortgages and the credit crunch. According to the landlord expert website it is actually a time to buy housing rather than stay steady. It is apparently a buyer’s market.

It seems that at least one expert doesn’t believe that it is not time to buy. In fact at least one expert is saying now is the time to buy. The negative comments being made in the media have created negative effects in the housing market. This means that the housing market has been offering exceptional deals for the smart investor, according to Nick Hopkinson of Incito’s. The housing prices are falling. This means buy to let is one of the best areas to be in at the moment. Despite the headlines that property is about to burst, and that investors are pulling out, Incito’s Property Investment believes it is time for the investors to buy. Nick Hopkinson is seeing the now is the time for novices and professional investors to buy into the market.

The reason for this is that the housing market needs to rebound. When the housing prices fall this means an interested investor that has the credit history to back them should be jumping into the market. The deals on housing prices aren’t going to last and it is better to get into an investment when you can see the value will increase. It may take a few years for the value on a property to increase as the market is a bit unstable, but it will happen.

According to Hopkinson the shortage is not occurring everywhere. In fact the rate is not falling in London or the South East. This means that it is growing and will continue to grow. There are many reasons for the current growth. There is a housing shortage in these areas. Much of the housing in the city and the southern portion is already owned and in some cases rented, but the increase of individuals moving into the area means there is a demand for housing. This demand is going to increase the prices on housing as well as create a situation for investors.

Hopkinson believes that the supply of new homes is still stifled which means that there are not enough places for those who are looking. This increases the demand. The government studies and proposals are showing this as well. Europe’s have become invisible. In other words there are a great many individuals who are heading to the UK and this is expected to continue increasing in the next several years. With an increase in immigration the housing demand is going to increase. So for those that find investments it is going to be the time to buy. In a few years the return on an investment is going to increase. The bad news being spread in the media may have stifled this impression because of the short term volatility and the previous year’s credit crunch, but investors who are looking will find a great deal of income.

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