Tuesday, March 3, 2009
No More Investment In Property
Property is no longer a viable investment! Are we FINALLY getting the message ? We are not awaiting a RECOVERY there will be no more BIG rushes on property and First Time Buyers ARE NOT BEING LEFT BEHIND but moving towards a time of sensible lending and affordability. What good news to see that investors ARE NO LONGER INTERESTED IN PROPERTY. Sensible lending has returned, 85% LTV and no more than 3.25 loan to wages and this is not just a short term solution but a way of trying to reduce the 190% increase in property prices fueled by irresponsible lending. It will take the UK 30 years to pay back the debt incurred in just a few short years and 5 million people + will be stuck in negative equity, but FINALLY the investors can see at least that property is no longer a good investment.