Property Still Right as Long Term Investment

7th December 2009

Nothing much has changed in the eyes of the great British public, despite the worst property market recession many of us have lived through.

The reasons for the difficulties in the market have not been related to the properties themselves, but more to do with over zealous lending institutions encouraging injudicious borrowing. 

The underlying belief that has become more apparent as 2009 has gone on is that people still believe strongly in residential property as an excellent long term investment. 

As soon as some mortgage funding re-emerged at reasonable levels this year and as soon as it became clear that the ‘froth’ in house prices had been blown away, sales have started to happen again.

Despite the fact that many will be ‘stuck’ for the time being unable to move, due to diminished equity and tighter lending criteria, there is a growing belief that the market activity will expand in tandem with increased funding availability. 

As the year draws toward its end those involved in the residential market can enjoy a sigh of relief and a wry smile that the future looks much brighter than it seemed 12 months ago as people have re-affirmed their belief in property as an excellent long term investment.

Return to main news page