Homing in on the UK
Language: English Series: Property Week ; 75(6) 6 February 2009, 42(1)Publication details: 2009Subject(s): Summary: Article suggests that international investors may help to spark the revival of the UK prime residential sector. The author bases this on the position that a fall in average prices coupled with a weak pound means that investors in Europe and Japan are 35-50% better off purchasing in the UK than they were a year ago. Links historical falls in the UK prime market to drops in the value of Sterling and posits that available stock levels may fall dramatically as the majority of properties for sale in this market will come from needs-based sellers and will soon disappear in the event of a rise in sales. Also mentions that existing overseas investors will be suffering the same falls in value in their current portfolio as faced by UK investors, which will be a major disincentive to sell and will constrict supply further still. Contains tables and statistics.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L146640 (Browse shelf(Opens below)) | 1 | Available | 146640-1001 |
Article suggests that international investors may help to spark the revival of the UK prime residential sector. The author bases this on the position that a fall in average prices coupled with a weak pound means that investors in Europe and Japan are 35-50% better off purchasing in the UK than they were a year ago. Links historical falls in the UK prime market to drops in the value of Sterling and posits that available stock levels may fall dramatically as the majority of properties for sale in this market will come from needs-based sellers and will soon disappear in the event of a rise in sales. Also mentions that existing overseas investors will be suffering the same falls in value in their current portfolio as faced by UK investors, which will be a major disincentive to sell and will constrict supply further still. Contains tables and statistics.