Weekly Paper Review – June 15th
Posted by jamesdearsley on June 15, 2009
Hello everyone and welcome to a new week.
There were some really interesting articles this week though mainly focussed on the UK property market – Please click on the Box.net application to the left of your screen for the Audio download. They were focussed on two main stories
- The recovery of the UK market starting from the South and London in particular
- The mortgage rates and that they are likely to head nortwards in coming weeks as Banks try to make record profits once more.
A lot of these stories I can really relate back to the article I wrote last week regarding the property market going through a “W” recovery as it just seems obvious that this is what is going to happen if the banks continue to profit from the recovering market. I really hope this reverses soon.
There is also a thought in my mind at the moment, which I have been considering for some time now that the UK will end up in a more European style of homeownership. One article over the weekend stated that the UK and Spain head up the Home Ownership tables with 70% of us owning wheras Germany has only 40%. Could this all be the start of the UK having much greater numbers of people renting? Could we get to the state of having “Super-Landlords” who own lots of property? This could be the way we are heading and could really be a bad thing for amateur landlords; it will drive down rental prices and yields and only those with a good equity level will thrive……..it will be interesting.
Some of the articles that I have commented on are here:
http://tinyurl.com/mjywpf – Times artictle about Mortgage rates
http://tinyurl.com/mchhwe – Similar to above from the FT
http://tinyurl.com/nrtgxj – Recovery in the London Prime Homes – The FT
http://tinyurl.com/lhjvz8 – Times article about North/South divide in House prices
http://tinyurl.com/mmo4ph – Observer article about the Young giving up on Home Ownership
Thank you everyone, have a good week.