Brett’s Weekly Property News: Why a shortage of over 1 million homes is opportunties for investors
Hey guys
So why is the YPC team turning into cavemen this November? Ah… the boys have joined Movember to raise awareness of men’s health issues. Come back each week to see who’ll finish with whiskers and who’ll have a full grown moustache.
To cheer on your favourite Mo, please visit the Movember website and make your donations. Funds donated will go directly to The Prostate Cancer Charity (TPCC). It’s all for a good cause!
This week we see house prices rise for the forth month by 1.2 per cent. Don’t be deceived into selling your home or remortgaging just yet – wait until the market has fully recovered to make it worth your while.
An interesting report has come out from Savills to suggest a shortage of over 1 million homes between 2008 and 2020. Find out why this is good for investors. And we ask – so what’s the government doing about this and are developers able to meet demands?
Big breaking news as 99% of news feeds focus on breaking up the three major UK banks. RBS, Lloyds Banking Group and Northern Rock are forced to sell to appease regulators in Brussels. What’s fantastic is that these have to be sold to new banks and not to other major players like Barclays and HSBC. Lots of smaller banks, lots of competition, lots more products for us to choose from.
Don’t call me biased but the Aussies are doing much better than the UK. We see another rise in interest rates. Find out what they’re doing right and what we’re doing wrong.
Thoughts for the week – sweet sound of competition, we’re now looking forward to March 2010 and hearing more on competition than just certainty.
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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