MIPIM Coverage: UK double dip?
Fearing a double dip in the face of upcoming elections, the UK property market appears to be stalling.
March 19, 2010
By JC Goldenstein, Founder and CEO, CREOpoint.com
Courtesy Flickr Creative Commons user Dimitry B
REPORTING FROM MIPIM 2010 — Fearing a double dip in the face of upcoming elections, the UK property market appears to be stalling.
Investors are attracted to the UK because of its liquidity, efficiency, transparency, and mature market. Furthermore, the risk profile is quite good as is the size of the market.
However, the British pound does not seem to play as big a role in attracting investors. Risks to investors vary by type and how they allocate funds and benchmark returns. To sustain recovery, taxes will need to go up and government spending should come down.
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