Knight Frank recently published their 2017 wealth report, ranking the top performing luxury investment assets.
Whilst being a property organisation, Knight Frank made an attractive case for investing in alternatives such as Classic Cars (growing 334% in 10 years) and Fine Wine (growing 192% in 10 years).
According to Lloyds Bank, property prices have been down (-7%) in the 10 years from 2006-2016. So why does property remain, by far, the most popular investment asset?
UK property prices dropped by 16.2% in the year following the financial crisis in 2008. This crisis stemmed a sharp growth in unemployment, as well a huge rise in the number of home-owners falling behind in mortgage payments. By the end of 2009, repossession rates had hit a 12 year high, with an estimated 46,000 people losing their homes. Now over 10 years on, we look back at the main reasons behind the huge rise in repossessions during this period, and consider that as the UK is becoming a toxic cocktail of sporadic Brexit negotiations, ever rising property prices and irresponsible lending, why it may be experiencing another property crash all over again. (more…)
The humble marmite was subject to a huge controversy last week. Apparently, the plunging pound forced a standoff between Unilever and TESCO – while the latter wanted a 10% increase on prices of its products to compensate. The feud played on national media; depending on which newspapers you preferred; you either refused to forgo Marmite for the ‘sake of freedom’, or wore a smug ‘I-told-you-so’ look. Meanwhile, folks across the pond wondered, why do Britons freak out over a disgusting black spread! Well, that’s a story for another day. But the general consensus is an indicator of things to come. So how will Brexit impact the real estate market in the UK? Here are our two cents: (more…)
Selling your house can be an overwhelming experience – one that begins even before you list the property. You’ll have to prep the place to allow buyers imagine themselves in the house. Preparing your house for a sale, isn’t as expensive as it is made out to be. If you are looking for easy yet effective ideas to influence prospective buyers, here are 5 ideas, we think you should try: (more…)