Tuesday, Feb 24, 2009
Comedy Club Chief February 2009 offering
FT: Assetz reveals increase in foreign enquiries
Property investment company Assetz said it has seen a 55 per cent surge in enquiries from overseas investors wishing to purchase UK property.It said “swathes of investors” from Europe and the Far East were looking at UK residential property with a long-term view. Stuart Law, chief executive, said: "Despite the falling property market, investors still recognise London in particular as one of the most desirable places to own property in the long-term, with the supply/demand imbalance set to support a recovery in prices.”
Posted by jack c @ 11:53 AM (653 views) Add Comment
10 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. need-a-crash said...
I think the "swathes of investors" all bought here when the going was good; prime London was rising at 20%pa, not falling at 20%pa and the rich and famous were making their "fortunes" in banking, Madoff Funds and Stanford Holdings... Ha Ha Ha!!!
2. rm96696 said...
another consequence of trashing the pound. is this supposed to be "good news"?
3. rm96696 said...
A further note: i find it extraordinary that assetz admits that prices are falling (usually they mention "slowing rises").
4. bob1 said...
Some quotes from/about the owner of Assetz :
Reporter: “He still stands by his forecast that the residential market will enjoy 5% growth during 2009”
Stuart Law: ‘We think the mortgage market has seen the bottom and will now improve to relatively normal conditions by September 2008 in time for the sales season after the summer break. I expect to see Libor collapse now the Bank of England has stepped in and interest rates will fall to around 4.75%
Reporter: “Stuart Law was the sole delegate of 150 property professionals at a recent London conference to vote for a motion that house prices would continue to rise this year (2008). The overwhelming majority of his peers backed falls of between 10% and 20%.”
Reporter: “His against-the-grain take on the property market has made him the go-to guy for the national press when it wants a counterpoint to gloom”
Reporter: “Stuart Law has no formal economic training – Law graduated in software engineering”
Stuart Law: “it takes only a very small amount of liquidity to keep the market ticking over – in the region of £20 billion to £30 billion would be enough.”
Stuart law: “the volume of negative comment and expectations we are confronted with encourages me to believe this is the bottom of the market”
5. cyril said...
What is a 55% surge in enquiries? 55% up compared to what? Last Sunday? He just made it up anyway so who cares.
6. growler said...
He's as much credibility as anyone else in Government about "calling the market". Just worked out an anagram: u stalwart
7. timmy t said...
growler said...Just worked out an anagram: u stalwart
How about tw@t lusar...
8. will said...
55% increase of what? Penny shares. So the UK will be owned by foreigners, but who will buy their investments off them in the future?
9. Lolcatz said...
How about .... Walrus Tat
10. Savvy said...
doesnt do any favours to this site to misquote and change figures and dates...
for example the first one says 2008 not 09 on citywire...
http://www.citywire.co.uk/professional/-/features/wealth-manager-profiles/content.aspx?ID=301965
does everyone really think it is always a bad time to get on the ladder and property going to zero or will the site get renamed oneday soon to thenexthousepriceboom.co.uk ?