Predictions for the Property Market
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Whilst Britain and the USA are battling through some of the toughest economic battles they’ve ever had to face, many are speculating about the value of property and whether prices will ever recover to the levels seen a couple of years ago.
Many would-be property investors may have been scared away from putting their cash into property. However I say that property is still an extremely powerful investment and the best way for many people to create future financial independence.
What’s important is to take a long term view without getting caught up in either negative or overly positive press. By looking at the hard facts and figures on the growth of home prices, you can see the truth and you can make your own decisions, rather than be swayed by the opinions of someone else whose job it is to sell newspapers.
Housing trendsr
The odds of house prices continuing to grow consistently are very good indeed. That’s because you have to look at house trends over the past 50 years. There have been dips and plateaus but the facts remain:
- Between 1963 and 2007, house prices in the US have nearly doubled in value every 10 years.
- In 1963 the average US home cost $19,300. By 2007, it was $313,600.
- Over the last 61 years, house prices in the UK have more than doubled in value every 10 years.
- In 1946 the average UK home was £1459. By 2007 this average was £221,580.
The way to view the housing market is to take a long term view, taking into account previous housing market trends. You also need to weigh this up alongside the fact that the population continues to grow, people always need homes and we can’t make any more land, as well as taking into account the trends in immigration. With all this in mind, there’s no denying that property is definitely still a top investment with excellent returns for your initial investment. Especially if you can pick yourself up a bargain during the current dip in prices!
Best Wishes
Clayton J.Moore
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Author, Financial Coach and Entrepreneur Clayton Moore has written ‘Your Money Puzzle’ and publishes the ‘Think Tomorrow Today' weekly ezine to help people gain control over their future financial security. If you're ready to jump-start your finances, make more money, and have more fun in your creating the life you desire, get your FREE tips now at www.claytonjmoore.com. Also visit my daily blog at http://www.claytonjmoore.com/blog for some great content.
Article author
About the Author
Hello. I’m really grateful for you taking the time to look at my article and how I could help you plan a brighter financial future.
To introduce myself to you I thought it would be best to tell you a little bit about where I started out and why I do what I do today.
I started working for a major UK bank in 1995 and soon discovered that I absolutely loved helping people to make more of their money. This passion led me to set a goal of becoming a Financial Planner within the bank – something that I achieved within a few months. For a few years I loved my job and loved helping people realize that they could do more with their money and create more financially secure futures.
However, after a number of years it dawned on me that the choices I had as far as advising people to create more financial security were very limited within my role as financial planner. I could also see that most of the traditional financial products were quite frankly not working for most people in the way that people thought they would. I realized that the financial products I had been trained to sell by the bank were not creating financial security for people.
I also realized that my very own financial security was at risk long term. Even though I was a member of my company’s pension scheme I had realized that the whole notion of having to work for this company for 40 years in order to receive only two thirds of my basic salary (I was earning as much again in bonuses but these were not eligible towards my pension) for the rest of my life in retirement was just absurd. This just didn’t make sense as a long term financial plan for my life.
Worse than my own financial security being at risk I could also see that there were many people who didn’t even have the so called security of a company pension plan and that for these people they needed to take responsibility for their own financial future. However, most people I came across were either not saving anything at all for their future or, if they were saving, were not putting aside anything like the amount they required to build up even a basic financial security later in life.
My passion for helping people understand the issues surrounding financial security was lit and I decided that I was going to leave my restricted job as a financial planner and start my own business to help as many people as I possibly could create more financial security in their lives.
I also realized that it was now up to me to build up my own resources in order to become financially secure when I retire and so I decided that rather than hand my hard earned money over to financial institutions to save for my retirement I was going to invest myself in assets that would grow long term and create the financial security I desired.
So, my life had turned and I was now a business owner, an investor and financial coach rather than an employee and so-called financial planner.
I have created ‘Your Money Puzzle’ and ‘Mastering Financial Success’, as a way to share my understanding of personal finance and enrich the lives of millions of people by guiding them to create their ideal lives.
I hope I can be of service to you and feel free to contact me at anytime if you need assistance. You can reach me at clayton@claytonjmoore.com
Good luck and best wishes
Clayton J. Moore
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