BANK OF ENGLAND
WHAT IS THE BANK OF ENGLAND’S NEXT MOVE. INTEREST RATES HAVE BEEN FROZEN AT 0.5%. WHATS THE FUTURE FOR PROPERTY IN THE UK. A SIMPLY SEARCH ON THE INTERNET SHOWS THAT THE THIS IS A WORLD WIDE PROPERTY CRASH AND ITS GOING TO BE A LONG TIME, A VERY LONG TIME BEFORE THE MARKET RECOVERS.
WE TALK ABOUT RECOVERY, BUT DO WE RELLY MEAN RECOVER? IF WE LOOK BACK AT WHAT HAPPENDED DURING 2001 TILL 2007, THE MARKET WAS MANIPULATED, STRECTHED, PEOPLE WERE SOLD FALSE DREAMS OF MEGA RICHES THROUGH PROPERTY, BOOKINGS FOR THOUSAND POUND PROPERTY SEMINARS WERE GOING THROUGHT THE ROOF, FINANCE WAS AVAILABLE FOR JUST ABOUT ANYTHING WITH A ROOF!, LENDERS, BROKERS AND JUST ABOUT ANYONE ON THE FINANCE INDUSTRY COULD FIND A FUNDING SCHEME…IS ALL THIS CONDUCIVE TO PROPER STABLE
PROPERTY GROWTH
- HELL NO!! THE PROPERTY MARKET PRICES AS WE ALL KNOW EXPANDS AND CONTRACTS IN CYCLES, BUT RECENTLY FOR TOO MANY YEARS, THE PLAYERS IN THE PROPERTY INDUSTRY WERE THE PUPPET MASTERS LEADING TO DOUBLE DIGIT GROWTH- AN UNSUSTANABLE GROWTH LEVEL.
SO IN A NUTSHELL THE CONTRACTION IN PROPERTY PRICES IN ACTUALLY THE RECOVERY - PRICES GROWTH WILL NOT IN MY OPINION RETURN TO THE LEVELS RECENTLY SEE UNTIL THOSE PLAYERS ARE ALLOWED ONCE AGAIN THE PLAY THE PUPPET MASTERs.
JUST MY OPINION, LET ME HAVE YOUR COMMENTS,
