According to latest reports, UK property investors have predicted that once the property market stabilises it will witness a sharp rise and improvement. Consultants from the API, Aberdeen Property Investors have looked at the overall economy of Britain and the impact it is likely to have on the property investment.
The firm has further warned that the recession will witness low rent yields in the current year. However, it has also claimed that any sort of recovery, whenever it starts would be good for the property owners and the property market.
The company has also stated that due to the recent drop in sterling several foreign investors have started taking interest in the UK property market. Such movements will also be helpful for the property market stated the company. API further claimed that strong recovery of market after market correction is not unusual.
However, the company has also stated that the current year could end up being the worst one in terms of economic crisis and downfall of property market since the 1980s. Lombard Street has researched that the market would require about twelve months for bottoming out. However, other reports have suggested that it may take longer than a year.
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