Wednesday, May 09, 2007
Financial markets walk from UK property
WSJ: U.K. REITs at a Discount
Negative outlook for the UK property... more links posted in the comments
Posted by confused76 @ 10:47 PM (183 views) Add Comment
7 Comments
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1. confused76 said...
see links below, sentiment on uk property market is wobbling big time!
http://www.mortgagesforbusiness.co.uk/corporate-information/latest-industry-news/news-article/newsarticleid/28882/
http://www.prlog.org/10016334-property-industry-becoming-buyers-market-says-national-homebuyers.html
http://ftalphaville.ft.com/blog/2007/05/09/4383/uk-reits-the-world%E2%80%99s-worst-performers/
http://www.landlordexpert.co.uk/index.php?news=647
http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport&tempPageName=446047
2. confused76 said...
very confusing in the Telegraph...
Buy-to-let still looks like a safe bet
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/05/06/nosplit/pbuytolet106.xml
'New build is worst buy-to-let purchase"
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/09/cnlet09.xml
3. paul said...
Hmmmm. I think I'll start quoting from DJ Shadow's "The Outsider", just to be on the safe side here ...
Now the fire is lit, smouldering in the belly of humanity
It cannot be extinguished, for the stories The Outsider endure
Even as evidence of its presence is debated with the passing years
Messages, dictations, warnings
Stories, such as these...
4. dohousescrashinthewoods said...
Glorious quote, Paul ;)
5. confused76 said...
The WSJ happily reports more bad forecasts about the UK. It s kind of funny... I feel they want to have the last laugh on the other side of the pond
Borrowing Binge Fuels U.K. Economic Worries
http://online.wsj.com/article/SB117876308206498031.html?mod=googlenews_wsj
However, housing inflation was still strong in April
http://business.timesonline.co.uk/tol/business/economics/article1770558.ece
http://news.bbc.co.uk/1/hi/business/6639647.stm
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=economicIndicatorsNews&storyID=2007-05-10T075049Z_01_L10525486_RTRIDST_0_BRITAIN-HALIFAX-UPDATE-1.XML
6. dohousescrashinthewoods said...
I'd say this looks like insiders stepping back, repeating the pattern of those in the know clearing out, leaving Joe Public's stage dive to hit the deck.
7. sold 2 rent 1 said...
C76,
The confusing signals from The Telegraph are because one article is from the "money" section and the other is from "property"
That couple buying in Richmond will be pretty much scr**ed by 2010.
"3 properties at £590,000 each on an 85% interest only mortgage."
Quote: "I want to try to buy one each year to build an inheritance for our two children.”
I wonder what their children will say when they are tossed into a council house in Peckham in 2011.