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Is investing in property safer than the bank?

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Friday, 04 January 2008

Despite growing evidence of a slow down in the UK housing market, a large number of residents now feel that buying property is much safer than putting their hard earned money in to a higher savings account in a bank or building society.

Recent research from a UK TV series found that over 53% of respondents believed owning property was safer than saving in a bank.

The poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years.

Considering the recent downturn in the market and the late crash in 89, where do you think the market now stands? Would you feel secure putting your money into more property or rather take a less risky approach and put your cash in the bank?

Readers have left 6 comments.
   
Posted on: 23-01-2008 23:21:52
I totally agree, Property slowdown in the UK's housing market. A large number of people in UK, Europe, USA, Dubai, Morocco, Spain, Australia...now feel that buying property is much safer than putting their hard earned money in to a higher savings account in a bank or building society. People are more careful about their money and the investment in Overseas property is much benefic. I know many Brits, Frensh and Spaniards who are investing inreal estate in Morocco for example and they are so happy making huge profit> I am not talking about Off plan properties or buy to let companies here because they are like the banks they grab the big profit and they give you pinuts. I am talking about to invest yourself buy buying a land and build your project and sell it. Or just buy a land with cheap price and wait for 2 years or less and you will see developers who are buying land will come to you to offer you the price you are asking. Its how we can make really money.Not by buy to let.
Guest
   
Posted on: 11-01-2008 11:56:03
The whole industry seems to be in a non-stop denial. Property insiders are predicting a gentle slowdown in the UK's housing market, just as they did in 1989. RICS assures that low rates and low unemployment mean a crash "is not on the horizon". I think they're all talking rubbish and trying to lull the public into a false sense of security.

Keep you money where you know its safe - In my case, under the mattress :-)
mattress
   
Posted on: 08-01-2008 14:18:39
Property is illiquid, so a crash is unlikely and everything will happen in slow motion.

I feel now is a buyers market and if you have access to cash you may be able to negotiate yourself an excellent deal. I personally wouldn't bother with the bank, 4% or maybe 6% per annum tops.

You know you can do better than that if you buy a house and hold on to it for a few years!!
Guest
   
Posted on: 05-01-2008 11:17:01
prices are falling and people really need to wake up and smell the roses! but there's no guarantee of even keeping your cash in the bank. Look at what happened to Northern Rock!!!! eeks
woah
   
Posted on: 05-01-2008 10:03:41
In our area, there is an excess of for sale signs.....i think that prices have gone as high as they can… What goes up must come down.....I'm keeping my money in the bank and waiting until things really settle.
M Whitaker
   
Posted on: 04-01-2008 19:21:35
I live in central London and own a few properties in the capital. I am currently looking to buy one more and even though the market has slowed down, I'm still willing to put my money in bricks and mortar rather than the bank. Property is a long term game and I'm pretty confident that it will settle down and come back up eventually.
Guest
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