2014 UK Property Bubble?

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2014 UK Property Bubble?


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Old 26th May 2013, 10:26 AM
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Default 2014 UK Property Bubble?

Hi everybody this is my first post so please excuse any mistakes! I live in La Manga but travel back and forth to England where I have investment property interests. I guess I'd be classified as semi-retired. I'd be interested in hearing member's thoughts on the recent budget announcement about the guarantees the Government plan to introduce in January whereby upto 15% of buyer's deposits will be under-written. Do you think this will lead to a mini-bubble?. I am currently buying properties which have been affected by the negatives of the past five years in the hope this will happen.

I also believe the budget decision was unimaginative and desperate. No thoughts to larger investment in infrastructure or manufacturing but instead relying on the nation's insistance on home-ownership and the 'confidence factor' created by rising property prices which is one way to get the economy going. Hey! but thats business and who am I to question the merits of the decision.

Still, could be an interesting development and one which like-minded members might like to discuss. Also to perhaps join me in capitalising from the opportunity.

Best Regards
Terry
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Old 29th May 2013, 06:09 PM
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Originally Posted by terryo View Post
Hi everybody this is my first post so please excuse any mistakes! I live in La Manga but travel back and forth to England where I have investment property interests. I guess I'd be classified as semi-retired. I'd be interested in hearing member's thoughts on the recent budget announcement about the guarantees the Government plan to introduce in January whereby upto 15% of buyer's deposits will be under-written. Do you think this will lead to a mini-bubble?. I am currently buying properties which have been affected by the negatives of the past five years in the hope this will happen.

I also believe the budget decision was unimaginative and desperate. No thoughts to larger investment in infrastructure or manufacturing but instead relying on the nation's insistance on home-ownership and the 'confidence factor' created by rising property prices which is one way to get the economy going. Hey! but thats business and who am I to question the merits of the decision.

Still, could be an interesting development and one which like-minded members might like to discuss. Also to perhaps join me in capitalising from the opportunity.

Best Regards
Terry
I won't be joining you...we had investment properties both residential and business in the UK and abroad and sold the lot. Our life in Spain is based partly on the capital derived therefrom. We've had quite enough of owning property and now rent.

As for the new underwriting initiative: sheer lunacy. Does no-one ever learn from past mistakes? The UK Government intends to do exactly what the U.S. GOvernment did with its Freddy Mac and ***** Mae underpinning. We all know what that lead to.
It's also absurd that the upper limit of property value for this scheme is set at 600k. If you can afford that kind of property you don't need help from the taxpayer aka me and you.

I agree 100% that what is needed is investment in infrastructure projects and stimulating manufacturing.
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