Brett’s Weekly Property News: Can the government’s wallet tame the recession?
Hey guys,
We’re really excited this week to tell you about a new range of products we are about to launch. As the market fluctuates and uncertainty still holding back investors, we’ve found some great opportunities overseas with both capital and rental guarantees for added security.
We’ll continue with last week’s topic on the banking system as news filters through that the FSA may close for good. The question is can the Bank of England regain control and kick the economy back into shape.
Mixed messages on house prices; on one side the national newspapers tell us how house prices are rising, on the other we see the National Institute of Economic and Social Research telling us we’re going to see falls for another 2 years. Who should we believe? Either way it looks like house prices are on the road to recovery.
Gordon Brown says spending is good for the economy, he’s certainly backing this up as we see a deficit of £9.9 billion from the government each month. Can spending really impact on the natural cycle of recession? One thing we do know is that if money is spent well then opportunities will follow.
And finally, we end this week with a warning from the banking giants – do not manipulate your financial details as lenders have a way of tracking data. So, if you earn £25,000 tell them you earn £25,000.
As always, if you have any questions or want to have a chat about current opportunities call the team on 0207 812 1255.
Live with Passion,
Brett Alegre-Wood
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