Property Market – Drepression on the way August 7, 2007
Posted by ukmortgagez in Economics, Mortgage Economics, Mortgage News, Property.1 comment so far
Its been a bit of time since we last updated this blog so I thought I would catch up on the news.
The US property market is in decline with a number of mortgage lenders in trouble.
It looks as if the UK property market is going to flatten out. You can check this site out for UK housing stats in your area.
UK interest rates are going up too.
So the obvious conclusion is that at sometime in the next year or so property prices will be hit.
The US Dollar will devalue further under the weight of the US debt.
Here are our predictions:
- Interest rates in the UK to go to 7% (thats only 1.25% more) in the next 2 years.
- The Pound will strengthen against the dollar but remain steady against other major currencies.
- There will be global recession possibly leading to a global economic depression in the next 2-3 years. This could be as bad as the “Great Depression” 1929.
- The housing market (globally) will be crushed and should devalue by more than half of the current pricing (conservative estimate). This will be mainly due to a run on property by the banks looking to secure their debt.
So who will be left standing and who will benefit:
- People will real value will remain in business but marginal businesses will close down. Debt will not be cheap.
- People with real money (not debt) will be able to pick up great deals and will benefit in the long term.
- People with cash will receive high rates of interest (I have personally seen 24% interest rates in my life time) and property was cheap.
- This will lead to government reforms and a stream lining of the economies across the world.
- Oh and my last big prediction will be that the US Government will default on its government bonds leading to and end of the US dominance and a pull back in military spending, which will ultimately change the global power shift across the world.
So hold on kids this is going to be quite a ride.
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
Estate Agents UK October 29, 2006
Posted by ukmortgagez in Mortgage Costs, Mortgage News, Property.add a comment
James has come up with some great new articles.
One that I would like to point out is the Estate Agent article. James goes into the perils of working with Estate Agents in the UK.
I suggest that if your in the business of property you have a read through James’s estate agent article for more details. The new articles can be found at James Mortgage page on UKmortgagez.co.uk.
John
