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Would you rather buy in the UK or Ireland? |
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When
we look at the current situation in Ireland and the
lack of flexibility the country has in terms of reorganising
their economy, it shows how relatively fortunate we
are in the UK that we have not joined the Euro. The
fact that the Bank of England firstly is independent,
but more importantly can decide on interest rates has
made a significant difference in the UK.
For
the UK to have managed to get interest rates down to
0.5% and hold them here for 20 months and counting -
with the expectation they will still be at this level
in another 10 months - and being able to action the
quantitative easing so quickly, allowing extra liquidity
into the economy to the tune of £200 billion has
undoubtedly saved us in the UK from a deeper recession.
Quantitative
easing, is about getting further liquid funds into the
economy, generally through the buying of government
bonds by the Bank of England from financial institutions,
such as banks, giving them fresh liquidity which then
should result in more lending to businesses, and individuals. |
| This
resulted in the UK officially moving out of recession
at the start of the year - and growing between
April and June by an impressive 1.2%. We are all
aware we shall not see much growth over the next
few years - and with the public sector job cuts,
employment figures will continue to be under pressure
for the next 2-3 years, but overall our monetary
policy at this time appears to have been relatively
successful. |
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| Ireland
on the other hand is now looking at getting bailed out
by the EU - as it struggles to cope with huge debts,
and trying to bail out in particular the Anglo Irish
bank. An official investigation into Anglo Irish bank
by PricewaterhouseCoopers revealed it had 15 customers
who owe the bank more than €500m each, money that
will never be recovered - incredible figures! Clearly
there was a great deal of irresponsible lending in Ireland,
but the lack of flexibility in monetary policy clearly
has a major impact in trying to work their way out of
the situation.
As
previously mentioned in the UK, finance markets are
slowly improving - with many new lenders entering the
market, and existing lenders reducing their rates, both
on fixed and tracker mortgages which is an excellent
indication that they see interest rates staying low.
With
buy to let properties available on 75% LTV finance giving
over £150 a month positive cashflow this is a
great time to be buying investment property.
For
more information on our latest deals and opportunities
- email us at info@property-investment-deals.com or
call us on 0115 9853969.
Regards
Alan |
The
team at www.property-investment-deals.com have their
first free presentation of the year and this is taking
place in central London on Wednesday 26th
January with some of our leading experts
talking on UK & Overseas Property.
As
always the event is free and this is an excellent
opportunity to meet our team and network with other
investors.
We
shall be covering Cash Purchases and Small Projects
- example opportunities and why this is working so
well for high net worth investors - often at 40% below
current market valuations! We will also be discussing
our Heavily Discounted UK deals and how you can make
excellent returns through buying this way, and we
will explain why this is the best time to invest in
the UK for high rental returns (and how we work with
hundreds of clients on a weekly basis).
We
will also be discussing property in the USA where
prices for 1 3 or 4 bedroom property start from around
$40,000 with gross rental yields as high as 25%.
Timings for Wed:
18:00 – Drinks and Networking
19:00 - 20:30 - Property presentation with Alan Forsyth
& Wayne Houghton highlighting UK Property and
Ollie on investment property in the USA.
There will be time after the presentation to ask any
of our expert's questions and further networking.
This is in central London on Wednesday – join
us for this informal evening – to get full details
and book a place, email us at event@property-investment-deals.com
or call us on 01159853969.
If
you cannot make this event, but are keen to know more
about these opportunities, or our next events in Bristol
and Warrington, drop us an email as well!
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| To
enquire further, and receive our free copy of “7
Fatal Mistakes to Avoid as an Investor” sign
up here |
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