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It’s been a subdued few weeks in the property market. Many of the housing market indices have been showing negative growth and activity in the wider market has been sluggish. Conversely it’s been a busy time for Bold Spirit and when you step back to look at the bigger picture we’re pleased to note that overall growth in the UK housing market has been 5.2% this year (according to the Land Registry), close to the 5% figure that Dominic predicted at the start of the year.

The UK economy seems to be coping better than many people thought with 0.8% growth recorded in the third quarter of the year against the 0.4% many commentators were predicting. This means that the prospect of further Quantitative Easing has receded and Sterling strengthened against many currencies as a result, most notably against the Dollar and the Euro.

I’m not an economist but I try and listen to and read as many different points of view as possible while trying not to be blown by the wind of every new headline figure or opinion. I also deal daily with property investors and banks so see both sides of the distressed property market so I am hopefully able to put the data in some kind of context.

It seems to me that one can read every report and opinion out there but the key ingredient required is that great intangible - confidence. There are encouraging signs that this is slowly returning and private sector employment is rising. A decrease in Public Sector employment should re-balance the economy as the flow of capital out of government coffers slows and tax receipts begin to rise over time (Bold Spirit has played a small part in this also having taken on six new members of staff in the last four months).

Economic growth will come in large part from the private sector but this will need people to take the plunge and take on some entrepreneurial risk. How many successful entrepreneurs wait for perfect market conditions before investing? It’s a question of understanding the risk and trusting your judgement. Indeed any entrepreneurial property investor looking to buy doesn’t want full recovery just yet as the real opportunities will have gone by then.

At Bold Spirit we have always believed that money can be made from property regardless of market conditions, it’s just a case of adopting different tactics. While confidence is low often a deal can be struck giving any investor real equity on entry and this isn’t an opportunity that will be around when the market becomes more bullish.

We have been busy over the last few weeks putting together some new investment propositions and have some great opportunities all over the UK, all at a yield of at least 7% and with prices from as little as £80,000 with genuine discounts of between 15 and 30% of which more will follow. Finally if you have missed our seminars thus far and would like to find out more about the market in financially distressed property, come to our last free Distressed Assets Seminar of 2010 which takes place in London on the 2nd December- for further information click here.

Article Courtesy of Henry Powell-Jones @ Bold Spirit www.boldspirit.co.uk