Things, They Are A Changing!

With so much changing even on a daily basis, I decided to save you from excess chatter and sit back a watch a little while for signs that the market is leveling off.

Now it takes a very brave man (or perhaps just an optimist) to suggest that market decline is slowing.  A bit like the Big Bang , it is difficult to measure.  Being an optimist however, I feel things are, as I predicted in january, beginning to settle, which is both a good thing and a not so good thing!  Good for those who rely on their savings for income.  Not so good for property investors looking for on-going cheap deals.

This is because as the market returns (and I do not suggest this will occur overnight) better interest rates for the saver tend to be poorer interest rates for the borrower.

So, what are the signs?

We have recently seen the odd (and by odd I mean numerically not daft) lender return with a more acceptable lending rate for 90% loan-to-value remortgages.  This rate is not yet brilliant but is getting a tad better.

There there is Nationwide who revealed a 'surprising' jump in house prices in March (+0.9%).

Then there are the oh-so-out-of-work surveyors who happily report increasing enquiries.

Throw in for good measure mortgage approvals are up in February (+19%) and a slight smile may begin to return to our face.

But least we get too carried away just now, we need to remember that overall property prices are where they were in 2006 and mortgage approvals remain about half the pre-'08 levels.

However, Simon Rubinsohn, chief economist at the Royal Institute of Chartered Surveyors (RICS) says that both the Nationwide's house price index and the most recent data from the Bank of England showing rises in mortgage approvals are further signs that the market may be stabalising.

"But...", he adds, "...whilst the housing market may now be out of intensive care it remains some way off a return to normality".  Thank you Simon.

It seems that exceptional BMV opportunities are still with us for a while if you can find them ~ we still can!

But do strike whilst the iron is hot: current margins won't always be there!

STOP PRESS STOP PRESS STOP PRESS

Remember, take a look at our all NEW International bmv opportunities on

www.bmvpropertyinvestmentdeals.co.uk/overseas/browse-all.html

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