Sell And Rent?
- Date: 2007-06-22 - Word Count: 247
Share This!
It's one of the things that is quintessentially British. So what is?
Home ownership! Since the 1940's more and more of the UK's population has been able to buy themselves a house. This cumulated in the 1980's when Margaret Thatcher introduced a policy of social responsibility where owning a house was a key pillar to retaining the values of our country. To help this she introduced the right to buy scheme where local authority tenants were able to purchase their council house.
Most people who have bought a house over five years ago will probably admit it has been their best ever investment. House price have trebled over the last 10 years as we have had historically low interest rates. However interest rates are on the climb and many people can no longer buy a house due to house prices being about seven times the average salary.
As a result many believe the steam has run out of the property market and wish to access the profits they have made by being home owners. Many are deciding to sell their houses and rent. They believe that there is no longer any advantage of owning a house if property prices are no longer going to go up. They may as well rent as they then don't have to worry about maintenance, interest rates or worrying about the property market. Many also expect a crash and intend to buy back into the market when prices are more reasonable. Let's see what happens?
Home ownership! Since the 1940's more and more of the UK's population has been able to buy themselves a house. This cumulated in the 1980's when Margaret Thatcher introduced a policy of social responsibility where owning a house was a key pillar to retaining the values of our country. To help this she introduced the right to buy scheme where local authority tenants were able to purchase their council house.
Most people who have bought a house over five years ago will probably admit it has been their best ever investment. House price have trebled over the last 10 years as we have had historically low interest rates. However interest rates are on the climb and many people can no longer buy a house due to house prices being about seven times the average salary.
As a result many believe the steam has run out of the property market and wish to access the profits they have made by being home owners. Many are deciding to sell their houses and rent. They believe that there is no longer any advantage of owning a house if property prices are no longer going to go up. They may as well rent as they then don't have to worry about maintenance, interest rates or worrying about the property market. Many also expect a crash and intend to buy back into the market when prices are more reasonable. Let's see what happens?
Related Tags: quick house sale, sell property fast, cash for home
For further information regarding Selling Property please visit our website. Your Article Search Directory : Find in Articles
Recent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t
