DSR Essay – Houses are still a safe bet – if the time and place is right

July 16, 2009 - PRLog -- It was not until July 1997 that median house prices in the UK broke the 60K barrier, having languished for several years in the 50K’s. Prices were 50% higher 4 years later, and over 100% higher 2 years after that. Finally when the bubble peaked in mid 2007, prices had jumped by over 200% - to £184,000. Since then we have dropped back to a low of £150,000 early this year, with some improvement seen lately.

‘Safe as Houses’ was a saying before this last housing bubble peaked and burst. Now people have been shocked into questioning this old paradigm. However, just as a few decent summers should not be taken as confirmation of Global Warming, so a few bad months or years for estate agents should not be extrapolated into a situation where nice homes become undesirable per se.

For sure properties in run down or overpriced city centres may lose some, or as in the case of Detroit USA – all of their value. But people will always want to live, work and vacation in commercially thriving or nice places.

Without a doubt as globalisation – whatever that is – proceeds apace citizens increasingly look beyond national boundaries to the future. The internet and international jet travel bring far flung lands into view. In a symbiotic relationship these beautiful but relatively undeveloped nations look to overseas wealth coming in as a domestic economic driver and respond favourably.

Just as in the second half of the last century charming village homes were bought, renovated and restored back to life, engendering huge value add, so we will see in the present century an imperative to find prime real estate on every shore where intrinsic value will eventually bleed through into price.

DSR Asset Management Ltd have already identified the nascent echo boom in overseas property, and are in prime position to help investors take advantage with a select portfolio of properties in the best regions around the globe for growth, income and quality of life.

For more information about Investment Property

http://www.davidstanleyredfern.com/

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Overseas emerging property market specialists, DSR offer invaluable and obligation-free advice to property investors