Hi, Peter Jones, author, property investor, ex-chartered surveyor. And a question which I am often asked is “What’s going to happen to property prices?” Well, I wish I knew, I wish I had a crystal ball. But there are certain things that we can look at within the economy which are going to…
Savills found themselves in a bit of hot water after the Euros finals a couple of weeks ago (seemingly by no fault of their own?) but, putting that to one side, I do admire and respect their ‘courage’. Why’s that? Because back in March 2021, which is only a few months back, they predicted average…
I’ve just seen this really interesting article on the BBC News Website which reports a RICS (Royal Institution of Chartered Surveyors) survey suggesting property prices will continue to increase over the next year because of the contracting supply of properties for sale. I’m sure most of us understand that it’s a basic concept in economics…
So what is going to happen next in the property market, and how does this affect us as property investors? We’re living in strange times because, despite lock-down and the most dramatic fall in GDP (probably) ever, the housing market is going through a boom period. Nationwide have just reported (Sept 2020) house process in…
So what is going to happen next in the economy, and how does this effect us as property investors? To be forewarned is to be forearmed and all that, so it makes sense to try and read the signs and interpret what they could mean. And perhaps one way of working out what might happen…
You might know I’m a big fan of Hometrack – they have an algorithm for property which is used by 80% of UK lenders. Please note that I’m not saying UK lenders use it for 80% of valuations but, when 80% of lenders need a desk-top valuation, for example, this is the algorithm they’ll…
Why are buy to let investors taking on the role of the Home office? And why do you need to know? There’s usually two ways of getting people to do what you want, or to achieve the result you are after; and that’s by using carrots and sticks. The metaphor, of course,…
We’ve seen some dramatic headlines this week generated by the latest Rics (Royal Institution of Chartered Surveyors) UK Residential Market Survey (Oct 2017 – published 9th November 2017) which suggests that “falling property values are widespread”. Is that true, and is that what the report actually says? Well, actually, it doesn’t. But it does say…
When thinking about property prices and whether they’ll go up or down, we often think of, and quote, that economic fundamental of supply and demand. Sounds reasonable, doesn’t it? A growing population suggests and implies growing demand. If supply stays still, or grows at a lesser rate than demand, then surely property prices have to…
In the old days one of the things we loved about property was the received wisdom that property values double on average every ten years. By the old days, I mean before the credit crunch (before 2007). Although many of us talked about buying for cash flow, in our hearts of hearts, out of the…