TWO very interesting stats:

 

1. Mortgage approvals up 77%
2. Number of new mortgages for house purchase is at end of 2007 levels

 

When you take those two stats in to consideration you have to start thinking that there is a recovery in sight. 

 

Yes GDP growth is down, unemployment is up and pound is down blah blah blah.  However there is an under current power beneath all of those negative stats that just simply do not match what happens in the property market.

 

Property is just too loved by us British.  That is why there are sooooo many estate agents!  This love affair with property is what stops the complete destruction of property prices. 

 

So as everything else dives property just sticks.  Now I realise why we have so many international investors in property.  It is a SOLID investment.

 

So how of the UK do you own?

 

 

Ajay

 

 

Posted on: 26th Oct 2009