The pound has fallen in value.  This means things in the UK seem cheaper than before.  So take in to account that property prices have dropped coupled with the currency devaluation and suddenly the UK looks very cheap!

And this is not theory you know.  Foreign investors are coming back to the UK market.  So us UK investors not only have to battle amongst ourselves but with foreign investors also.

Who knows what mortgage deals they have access to (if any) and what their buying power is.  Their usual hunting ground is London so we can expect London prices to bottom out soon but there are sophisticated foreign investors who look further a field.

One thing I know in business is booms happen fast.  When you are buying in a hotspot properties go in hours and prices move upwards on a weekly basis.  So my advice to you is get your act together to start buying.

Speak to your broker, raise funds for fees, sort out your loss making properties now so you are free to start the big property grab of 2009.

See you on the other side of 2009 sitting pretty!

Ajay

Posted on: 18th Jan 2009