UK house prices? July 2007 comment on longer term outlook and warning of potential short term 10-15% house price fall.



http://www.globalchange.com UK house price trends - recorded July 2007 - warning of possible 10-15% correction / fall in UK house prices, but in wider context of longer term more positive outlook. While house prices may fall or rise in short term, UK house prices are generally stronger than they would otherwise be because of many complex factors which include population growth, more people living alone, 100% tax relief on own homes, 18% capital gains tax on property investments, planning restrictions, shortage of land, crisis of confidence in pension funds, poor performance of UK stock market over last decade, so people investing in property instead... plus other factors. Complex area. Expect some kinds of housing to be worse hit eg small flats. Video comment on UK real estate trends by Dr Patrick Dixon, futurist and author of Futurewise, including UK buy to let, UK property investment funds. Message: invest in UK property for long term (unless you sure you can add serious value in doing up a run-down property) and make sure you have contingencies to prevent having to sell property at a bad time ie do not massively overstretch personal finances.

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