UK Property Market, Is It Time To Get Back In if you are a Uk Investor or Ex Pat?

UK Property Market, Is It Time To Get Back In?

For many years it was a common tactic for Britons to move abroad and work hard for a few years, save their wages in a tax effective way and use the cash to come back onshore and get on to the property ladder in the UK.


However, in more recent years as house prices in the UK soared, those hoping to get on to the property ladder for the first time considered resorting to even more extreme measures by perhaps investing in property abroad in emerging markets in the hope that their real estate would rise in value so sharply as to outstrip the British property boom, thus enabling them to get in on what was a rapidly advancing and increasingly inaccessible house price ladder in Britain…

And then the UK’s economy took a massive battering, the property market was talked down to the point at which everyone assumed it was teetering on the brink of collapse, and suddenly the British housing market apparently became accessible again. Now we have news that house prices have risen in the UK by 1.6% in a month - so, let’s take a look at the UK property market from an expatriate’s point of view – is it time to get back in?

According to Nationwide, Britain’s house prices rose by their largest monthly gain in over two years in August. Apparently property prices expanded positively to the tune of 1.6% suggesting that since their peak in 2007, property prices in Britain have ‘only’ tumbled by just shy of 15%. So does this mean that the boom is back, and that you’re going to need to move fast if you want to bag a bargain before Britain’s housing market once again begins to shoot up in average value terms?

Well no, not in our opinion anyway.

Let’s look at a few fundamental and undeniable facts that anyone looking at the British property market needs to really keep in mind at all times…

The first fact to think about is that unemployment in the UK is rising – sharply. It currently stands at about 2.4 million, it is widely and expertly predicted to rise to 3 million in 2010, and against this gloomy backdrop the number of new vacancies appearing in British job centres was at an all time low over the summer since records began back in 2001.

Story by Shelter Offshore


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