Housing market `will not necessarily perform well`
Released on = May 17, 2007, 1:21 am
Press Release Author = Charlotte Burrows
Industry = Real Estate
Press Release Summary = Britons considering investing in the housing market have been warned that while the sector has done well in the past, this does not necessarily guarantee that it will do well in the future.
Press Release Body = Sustained house price inflation has made housing an attractive investment prospect in recent years, although four rises in interest rates in the last nine months have acted to cool the market.
As a result, many analysts have warned that a property market crash is on the cards - suggesting now is the time to make a quick property sale.
Echoing this thought, Meera Patel, senior analyst at Hargreaves Lansdown, has urged investors not to put all of their money in property just because the sector has performed well of late.
\"I think that property is such a hot topic with the private investor that there may still be demand for it [even after the market cools] - but this would not be off the back of investors actually understanding the fundamentals,\" she commented.
\"They would be investing more on the back of past performance - which is a very dangerous thing to do.
\"The message to get across is: You have got to be careful when investing in an asset class that has just done phenomenally well and you have to question what the scope is for it to deliver growth,\" she added.
UK fast purchase property company National Homebuyers agrees with Ms Patel. Director Julian King says: \"We are at the sharp edge of property sales and the volume of business we are conducting now from people who are worried about the future value of their home shows how the market is learning to read the warning signs.
\"Anyone considering investing right now should find other options available to avoid inevitable losses. The current slowdown, introduction of Hips, repossession figures and inevitable \'crash\' should make most astute investors look elsewhere.\"
National Homebuyers is the UK\'s leading quick sale property company, purchasing properties from vendors who want to avoid the downturn in property prices and take advantage of the market\'s current buoyancy.
National Homebuyers can arrange a fast property sale and is available at www.nationalhomebuyers.co.uk/index.asp or by calling 0870 979 8118.
Web Site = http://www.nationalhomebuyers.co.uk
Contact Details = Sterling House 20 Victoria Way Burgess Hill West Sussex RH15 9NF 08709798118 Fax: 01444 257333 info@nationalhomebuyers.co.uk