UK Landlord Forum / Life

Interesting article over at the times online.

Here are some of the reasons:

1. First-time buyers benefit.
2. We can return to sanity.
5. Divorce rates could go down.
7. More bargaining power for buyers.
10. Fewer annoying adverts.
11. A lower tax burden.
13. Lower council tax bills.
14.You might pay less stamp duty.
16. Less inappropriate lending.

My favorite being this one, though:

19. The end of annoying one-issue websites. The harbingers of doom at websites such as www.housepricecrash.co.uk and www.propertysnake.co.uk will have nothing left to warn us about. House price crash? Been there, done that.

We can return to sanity. No more misguided beliefs that property is the sole route to fortune, that houses are like bank accounts and that as long as we have a couple of buy-to-lets and a three-bed in a good location, we won't need a pension or savings account. Time to invest elsewhere.

It is really falling prices make housing more affordable for first-time buyers, as long as they can save up a deposit. In other ways if we think deeply then, we got that actually house price falls are not that bad in some areas. For instance, prices have been falling month on month everywhere, but annual house price measures show that property in Greater London or the Isle of Man has still not fallen below what it was worth one year ago.

Its an opportunity for big investors to make big investment, as this is a time to purchase. but for those how are thinking of purchasing house and than sale it immediately to get some profit not a good time.