30.06.08 by Andrew Montlake

Viva Espana !

Seeing Torres score the goal that ensured a glorious Euro 2008 win for Spain last night was great, a well deserved win for those who play the beautiful game as it was meant to be played. Not only was it satisfying, but financially rewarding as for once I did actually put my money where my mouth was and backed Spain to win at the beginning of the tournament.

Unfortunately the amount won does not mean I can do anything more than maybe buy a new suit from H&M, but if it was more the question is would I be looking to invest in property ?

Interesting thought, but with the latest news that property builder Taylor Wimpey is seeking refinancing, and house-builders all across the land grinding to a halt or at least slowing considerably, there must be an opportunity over the next 6-9 months to buy, especially as prices ease off so you would be buying aggressively.

The train of thought is that if housebuilding continues to stagnate, the government have no way of hitting their new homes target, (which was arguably too low to start with), so once the market does pick up again, which it surely will, guess what ? There will be an even bigger housing shortage, which means we could see even steeper house price rises.

As one of my clients put it, the people who really made money over the past few years were those who were primed to take advantage of the last price drop in the early 1990's, and there are many investors determined not to miss the boat this time.

With rents strong it does seem the next 6 months is an ideal time to invest.

Let's hope Liverpool invest in Villa and Silva as well to bring back the Anfield glory days !

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