The UK property sector offers a significant investment opportunity for the long term. There is a fundamental lack of supply of housing, while demand remains high. Population growth is forecast to significantly exceed the number of new homes built over the next decade, so this situation is unlikely to change.
However, within the UK property market there is an evolution taking place. Estate agents are struggling with a decline in new listings, while a move towards lower-cost online options is hurting their fees. Therefore, while housebuilders may generate high returns from a bright future for the housing market, estate agents could underperform.
by Nick Sudbury| Funds|6 mins. to read Neil Woodford is one of the country's best known and most successful fund managers, but in the last few weeks a number of his largest holdings have suffered dramatic price falls. The most spectacular of these was the doorstep lender, Provident Financial (LON:PFG).
by Jim Mellon| Economics|5 mins. to read This missive is being written on the Edinburgh to London train, as I return from a full week at the Edinburgh Festival. My friends Alan and Fran Steel of Alan Steel Asset Management, Scotland's most successful IFA , asked me to speak to a selection of their clients during my visit, which I was more than happy to do.
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