UK property investors have predicted a great deal of improvement in the property market when the economy begins to stabilise. Consultants from the API, Aberdeen Property Investors have viewed the overall economy of Britain and the impacts it is likely to have on the property investments.
The firm has warned about the recession that the rent market will undergo in 2009. However, the firm has also added that any type of recovery would spell good news for the property owners as and when it begins. The company also stated that the recent drop in sterling would help in luring foreign buyers, which will eventually aid the UK economy.
The API has also stated that once the market improves or stabilises, the recovery of property market is inevitable. In fact the mid 1970s and the early 1990s have seen quite a down fall and it was only in their recovery phase they witnessed double digit returns. The company further elaborated that after 1980, 2009 can be the worst economic slide that UK will have to witness.
Lombard Street Research stated last week that UK market will take another twelve months for bottoming out however many others have stated contrasting comments like further falling of prices and longer time for recovery.
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