The UK housing market is set to bloom in 2006
Broker's have predicted that the housing market is set to bloom
in 2006. After house prices dropping for 16 months in a row
BBC news has reported that house prices are set to rise again in
2006, although gains will be small. Nationwide is said to
be "cautiously optimistic" for 2006, after such a bad 2005, and
say "Our expectation is that house price growth will remain
firmly in low single digits in 2006 as the economy
recovers" With house prices set to rise, how can you
insure that you know how much you should pay, and how much is
just over the top? The guardian this month printed a report
(http://money.guardian.co.uk/property/story/0,,1669126,00.html)
telling how many people were losing out by paying too much money
for newly built property that they had purchased as an
investment. It reported that valuations on new-build flats
in Manchester were so inflated as to have "Monaco price
tags". With house prices always rising how can a
normal Joe like you and me know what "Monaco price tags" are,
and ensure we don't get ripped off? There are ways out
there - the internet is a powerful tool, and the best place to
look for things that you just don't understand, or you just
haven't been keeping on top of market prices. The
site that I found to keep me on top things in the housing market
is called Moneynet. Moneynet is an information provider for all
sorts of financial stuff, but as a guy looking for a new home I
found the Moneynet
mortgage research pages most helpful. So with my
new knowledge in the bank I plan not only to net myself a lovely
property at a nice price, but I'm also thinking of making an
investment to try to take advantage of this predicted growth in
2006. So bring in the New Year, and watch space to
hear of news of my ventures...