Slow Down in the UK Housing Market February 7, 2007
Posted by ukmortgagez in Property.add a comment
Hey Everyone,
Its been a little while since we last chatted about the UK housing market but I thought I would give you an update on our thoughts on the issue.
According to the latest report we read in the Yahoo! property news on the UK the market is showing a slow down in housing prices. This is in line with our orginal commentary on the housing market in the UK. We believe in the next year you will see a recession starting to build in the US. This will lead to problems in the UK housing market as global housing prices will show a marked downward trend. Its all sounding very economics speaking but the lay mans terms means that because there will be less money going around housing prices will fall because of lower demand.
Rental markets on the other hand will show an increase and interest rates will go up. So if you don’t have debt this is a great to be in the market as you will get higher returns on your fixed deposits and higher returns on your rentals.
If you do have debt you will find the coming time a little more difficult to cope in and your best bet right now is to try and get out of your debt situation as quickly as possible.
All the best from UKmortgagez.co.uk
J
