UK property market versus American one.

Ollie Booth's views on British and American property market:


" (...)The UK Property Market


The UK property market, previously always thought of as quite reliable, is actually not reliable any more. Property investing in the UK has become an over-saturated breeding ground for would-be investors looking to build a ‘nest-egg’ or simply buy a couple of properties to get a bit more income each month. This is, and always will be a great thing to do – after all, passive income is the key to becoming financially free.

When I started investing in property some 5 years ago, it was nearing the end of a cycle. The good times were now just ‘OK’ but I could still make a respectable living doing it, and since the hours I kept were less than two days work a week it was a great lifestyle.

Over the last 2 years or so, we’ve all watched as the property market has weakened, prices have fallen, mortgage companies are squeezing and although interest rates are low finance is still generally very difficult to get. In a nutshell the whole market has lost its confidence. I have personally witnessed UK investors dropping like flies.

The US Property Market

There’s been a media circus surrounding the state of the US economy of late, but the undeniable truth is that there is a lot of sorting out to do. The Obama administration has its work cut out to fix the economy, put Americans back to work, reduce the number of foreclosures and put money in pockets.

The US property market got my attention as there’s been a lot of commotion around foreclosed properties. If you’re unsure what that means, basically we’re talking about repossessed homes.

It seems that home owners no longer feel the stigma associated with losing their home or bankruptcy and walking away from your debt is the easy thing to do. Bad for the lenders, great for investors! (...) "

ollie@usapropertyinvestor.co.uk


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