Friday, 25 September 2009

Quick Funding

I know this is a little unrelated to property, but if you need some extra cash to help you get moving with your business, you may consider appluing for a payday loans or a same day loans.

If you need extra cash now, these lenders can lend you short term cash over a 2 to 4 weeks until you get paid.

So if you need some quick cash now, this method of lending could help you.

Wednesday, 4 February 2009

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Thanks

Grant

Friday, 21 December 2007

Have A Merry Christmas & A Prosperous 2008!

Dear Readers

This will be my last post before christmas and I will give a few final thoughts of what I think will happen to the UK property market in 2008.

Firstly, it seems that the Bank of England are going to 'agressively' cut interest rates next year to save the economy from slipping into a recession and also stop the dramatic slow down of the property market. This will come as good news to property investors and homeowners as the costs of borrowing will gradually fall next year as interest rates are cut.

As regards to the expected performance of the property market as a whole next year, I certainly feel that there will be little or no growth on average and some areas such as Greater London may actually see falls in property prices as the availability of credit dries up and hence demand for property falls. The only area where prices could potentially still see good price rises is the Scottish property market which is expected to see an average property price growth of over 7% in the next 2 years.

I feel that 2008 is a very uncertain year for the economy and the UK property market and making an accurate prediction at this stage is pretty much impossible. However, with interest rates being cut aggressively next year, I would hope that this will slowly stabilise the economy and the property market with credit becoming slowly cheaper once again and demand slowly coming back gradually amongst property buyers in 2008.

This certainly has been a huge year for the UK and global economy and the UK property market and hopefully 2008 will see a more positive year all around.

Finally, I would just like to wish all of our readers and customers a very happy christmas and a prosperous 2008!

Merry Christmas!

Grant Delmege

Zone 4 Property

http://www.zone4property.co.uk

Friday, 7 December 2007

Bank of England Drop Interest Rates to 5.5%

Dear Readers,

The Bank of England dropped interest rates yesterday to 5.5% which is possibly one of the most important decisions the MPC have made in a decade.

It is widely regarded that the UK economy and property market is on a knife edge following the summers credit crunch and the MPC's decisions over the next 6 to 12 months could decide whether the UK's property market sees a big fall or whether confidence returns back into the property market by gradually easing interest rates over the next 12 months.

Many of the UK's leading economists are predicting falls in property prices next year ranging from 10% to a flat property market. However, I believe that if interest rates slowly fall next year, I predict that at worst there will be marginal drops in some areas or stagnant growth.

Many economists are predicting interest rates to fall further next year in a bid to halt falling confidence in the property market and to make sure the economy remains buoyant.

I personally feel that 2008 could be the most significant year the UK has seen in over a decade for the future prosperity and well being of the UK property market and the economy. The Bank of England hold all the keys to make sure that the UK does not see a property slump or a struggling economy.

My own personal view is that interest rates will fall by a minimum of 0.5% next year which will hopefully mean that property prices will remain stagnant at worst, but I guess we will have to see!

Until next time, invest wisely.

Kind Regards

Grant Delmege

Zone 4 Property

http://www.zone4property.co.uk

Friday, 30 November 2007

As 2007 ends, we look back at the year that was 2007!

Hi Readers

I don't know about you, but I cannot believe it is christmas in just over 3 weeks! Time really flies these days....Anyway.....We are going to take a very brief look back at the property market in 2007 and look briefly ahead to 2008.

I think 2007 will be remembered solely for the collapse of the american sub-prime lending market and the global credit crunch that quickly followed. There is no doubt that this event nearly brought the global financial markets crashing to their knees. It certainly has proved a death knell for poor old Northern Rock and who knows if they will survive or become one of the most catastrophic collapses for a FTSE 100 listed company in UK history. Whatever happens to Northern Rock, the future and well being of the Bristish Economy and the UK property market firmly lie with the Bank of England, interest rates, the rate of inflation and the price of crude oil.

It has been noted by HSBC recently that if the UK property market is to avoid a price crash, the Bank of England will have to aggressively cut interest rates by 1.25% to 4.5% by the start of 2009 in order to make sure the property market remains buoyant. But there is another side to this....

The Bank of England are expecting to drop interest rates as early as next February with further falls planned for later in 2008 BUT only if the Bank of England's inflation targets are met. If inflation increases above its target rate, then interest rates may be kept at 5.75% or may only fall gradually by 0.25% or 0.5%.

The rate of inflation very much relies on the price of crude oil and if a barrel of crude increases, the cost of a litre of petrol at the pump increases and the costs of transportation and manufactoring for businesses increase,businesses then hike up prices for goods and services to cover these extra costs, which means higher costs for consumers, and in turn the rate of inflation rises. As you can see, the current rate of inflation depends a lot on the price of crude oil, so my advice for property investors out there is to keep a very close eye on this over the next few months....However, the good news is that the price of a barrel of crude oil has dropped to $90 after the US said they had larger than expected oil reserves, but this will need to be watched carefully in the coming months.

So as you can see, the uk property market and the economy are going through uncertain times and in my opionion, confidence will only return to the property market if the Bank of England drops interest rates to 5.0% or below, but we will have to see what will happen in the next 6 to 12 months.

Ok a quick look at 2008.....This is a difficult year to predict as any stability, confidence and growth in the property market will all depend on the Bank of England dropping interest rates so that confidence can come back into the market. However, I feel that property prices will remain largely steady with any growth confined to the north and in particular Scotland.

Ok, that wraps up this post, so I hope that you all have a great weekend and remember to keep a very close eye on the price of a barrel of crude oil and the rate of inflation as these two factors will determine how rapidly the Bank of England will drop interest rates in 2008.

Until next time, invest wisely

Take Care

Grant Delmege

Zone 4 Property

http://www.zone4property.co.uk

Friday, 23 November 2007

Interest Rates Could Fall By 0.5% in 2008

Dear Readers,

Recent news from the Bank of England indicates that interest rates could fall by 0.5% in 2008 if their latest inflation forecast proves correct. The Bank of England calculates that inflation will hover around its target rate by the end of next year.

The city has been predicting a fall in interest rates for some time now and a cut in the base rate of 0.25% could come as early as February next year and a further possible fall in the base rate possible later on in the spring.

However these interest rate cuts are by no means certain with current forecasts subject to what the bank calls "Substantial Uncertainties". With turmoil in the finacial markets, weaker economic growth at home and abroad and slower house price growth, the Bank could afford to cut rates. But with near record oil and commodity prices and plus a weaker sterling all combine to sustain inflation, at least in the short term .

I personally hope that interest rates do fall as predicted because I think that this will not only breathe some new life into the UK property market but will also ease the financial strain on home owners and landlords who are cradling large mortgages.

I will finish by saying lets all keep our fingers crossed!

Invest wisely

Grant Delmege

Zone 4 Property

http://www.zone4property.co.uk