Its been over a month now since i have checked out some of the latest offering from the property market. Some good news and some bad news.
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Affordable home indeed.
So I have been researching into whether we should be buying a house or a flat. I have been looking at some of the newly built flats on the net, and some were very tempting.
A one bedroom, newly built studio flat, looked very spacious. It would have no problems accommodating just the three of us, and also the pricing was within our reach (around the 100k mark).
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According to reports there has been 19 percent decline in new homes being built compared to this time last year. With further report of a 5 percent decline in new orders for constructions, it seem the shortage could cause prices to rise due to lack of properties available to meet demands.
James Thomas, Head of Residential Development and Investment at Jones Lang LaSalle, commented: “Whilst there is evidence to suggest the UK economy is in recovery mode there remain question marks about the depth and sustainability as well as how the public finances can be repaired, quite possibly under a new government.
“The recent pick up in house prices is based on fragile economic fundamentals such as a weak pound, which has driven overseas buyer demand, and a boost from the stock market recovery, both of which are unlikely to be as supportive during 2010.
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You can have many things thrown at you during your life time, some good, some bad. I like to look forward to the good and prepare the best i can for the bad. I am fast approaching mid-thirties with a wife and a newly born son helping me there. I have noticed that life moves pretty quickly if u don’t move with it, and as a laid back kinda person, i find that motivation can sometimes be bit of a chore in itself.
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Google is in talks with British estate agents to launch an online property portal, which experts say could pose a serious threat to existing property websites and local newspapers.
The giant US internet search company launched a property portal in Australia last August through which estate agents list properties for free, showing both pictures taken from its Street View service and details on a map.
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With many redundancies still being made and a fair few businesses still going bankrupt, it seem like the market will take a long time to recover.
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Under new government proposals property owners are to have their mortgage protection strengthened.
Mortgage borrowers will be protected by the FSA (Financial Services Authority) if their home loan is sold on to a third party from the original lender.
Christmas is drawing near and reports of a small window of opportunity opening for first time buyers.
The reports of the market seizing up due to people spending their money on yuletide necessity.