We all know
it is going to happen, but a presenter dared to utter those
words on Sky News this week and how do we know this, because
people who do not usually invest in houses are now doing so.
Speaking to
our accountant the other day, he asked if we could help an
investor purchase some houses. When I say Investor you are
probably thinking property investor, but he's not. This
guy normally has his money in stocks and shares and basically
lives off the interest on his savings. Unfortunately he
can no longer survive on the interest and stocks are shares are
so unstable, they have bankrupted people in a day.
He has made
the sensible choice to take his money out of the bank and put it
in houses, he may not have an income, but one thing is for sure
his
investment is going to make him money.
In case you
are thinking 'what does this have to do with me', this investor
is not alone, accountants up and down the country are advising
their clients to do the same thing and these people are
joining the rush of those
wanting to purchase low and sell
high. I doubt they will stay in the market for
long, but with a shortage of housing they are going increase
demand and push up prices even faster.
