The UK Property Market

The UK berth MarketResidential PropertyThe building blocked land enjoyed serious property yowl for over a decade. The property exposit slowed down when the economic meltdown commenced in 2008. During the boom long conviction the value of property in the United Kingdom so bed, and in some cases the value of properties rose by over 200 per centum (Cameron, 20055).One of the main pointors for the boom was that the economy had a long plosive consonant of sustained growth, furthermore the interest rates were regulated by the giving medication and kept low. Added to these positionors was an upsurge in property investments fuelled by both local anaesthetic and conflicting investors. Fin all(prenominal)(prenominal)y the government kept a tight bidding on the number of new houses built during that period, so that usefully pick up disclosestripped supply (Cameron, 20055).Currently, the bubble in the property grocery in the United Kingdom has burst and the food market i s certainly undergoing some reforms. Prices be no longer rising as fast as they were some geezerhood ago and there is in a flash an oversupply of houses in the property market as home owners are reluctant to sell in this current state. The effect of this is that supply of properties out stripes demand in residential property (Ruddick and Moore, 20101).The economic slowdown affected all sectors of the property market, withal the price of houses in capital of the United Kingdom are slowly pick up and this is due to the weak pound that has made a stack of foreign investors to come in to the UK and invest in properties (Evening Standard, March 30, 2010).Stake holders are arguing that the Carlsberg review of residential properties should be the bench mark for carrying out reforms in the residential sector as wellspring as all the early(a) sectors of the property market. Furthermore, the reforms currently going on is aimed at producing make better and more information to custome rs, this lead to the introduction of the Home Owners Information bundle (HIPs).The government plans to regulate the property market, especially the terra firma agents so that it impart no longer be an all comers affairs. in conclusion, there is outright a standards board in the property industry, although they have limited powers.On the various hand, the residential property market in europium is different from the property market in the UK. The residential property market in the UK encourages population to buy their own homes, un identical in atomic number 63, where the emphasis is more on long term renting (Oswald, 199910). Credit is readily available in the UK in order to assist home owners to buy properties, unlike in Europe where it was not tardily available (Oswald, 199910). stock-still all this has changed as the residential property market in Europe is undergoing some reforms that has had a great effect on the residential, mercenary and industrial properties all over Europe. It appears that most European nations are copying the UK model and are now encouraging its citizens to be home owners instead of renting. Spain is a good physical exercise (Oswald, 19997).Furthermore, with the opening up of the EU, Europeans thunder mug now move to whatsoever EU country and acquire property, this factor has greatly affected the property market in the EU, because capital kindle now be moved easily and investors in one part of the EU can take service of cheap properties in any other part of the EU.Finally, it appears that for eight years outset from 1990, the reforms and gains of the real estate market in the United Kingdom were modelled on the system of the United States however for six years starting from 1998, the property market in the United Kingdom appeared to be harmonize with that of its European neighbours (Lee, 200932).Commercial Property and Industrial PropertyCommercial properties are scarce in the UK and demand exceeds supply. This amo ng other factors led to a boom in the commercialized property sector. However there appears to be a slump at the moment as Commercial property in UK was alike affected by the global economic down turn. However current reports indicate that the commercial property sector in the UK is picking up and investors are starting to snatch up prime commercial properties (Evening Standard, March 30, 2010).The commercial property yield in the UK is quite telltale(a) and extravagantly compared to its European neighbours.On the other hand, commercial properties in Europe also appear to be booming. The European economy is recovering and a lot of foreign investors are investing in commercial properties in Europe (Oswald, 19997). The economic meltdown has also affected the growth of commercial property in Europe and the sector is also undergoing reforms just like the market is undergoing in the UK. Most EU countries have put polity in place in order to allow real estate investment trusts (Oswal d, 199927). This legislation provide make it easier for foreign investors to invest in the commercial property sector and inject the much need specie in order to keep the commercial property sector booming. Finally the demand for industrial property is low in the UK. This is due to the fact that a lot of industries are closing down due to high cost of labour and the strong Pound Sterling. Companies are moving their operations to Europe and other areas where it will be cheaper for them to operate. While in Europe the demand for industrial property is booming, due to the stability of the Euro as well as the economic prosperity in the Euro Zone. Furthermore due to some new-made EU Directives, setting an industry in some EU countries is now a lot cheaper and easier than it used to be.(B)The five major adroitnesss that I acquired in the university are as follows parley skills, multi-tasking, organizing skills and time caution skills, IT skills and social abilities.The main purpos e of discourse is to convey ones subject to recipients. Good parley takes many forms such as speaking, writing and listening (Heller, 19986). I gained my communication skills in the university through course cause presentations, seminar discussions, formal training sessions and formula to face meeting with my course leader. These range of activities helped me to acquire my verbal and communication skills in the university. I improved my verbal and communications skills in the university by devoting time to the trine key elements of effective communication, which are, effective initial preparation, effective structuring of my material and effective delivery of my material (King, 1992 14).Finally, the art of getting ones message across effectively is a vital part of being a good manager (Heller, 19981). Communication skill will help me in future because no matter my status within an organization I will be giving instructions to my colleagues, superiors or juniors and these instr uctions can range from simple instructions or requests to complex instructions.I also gained IT skills and inter personalised abilities while examine in the university. We had a specialized IT unit in the university that offered training and support to students. I went for many lectures and training that the IT unit tog upd on campus.We had a large IT laboratory on campus and each student had a password that allowed the student access to any of the personal computers in the IT laboratory and there was always an IT specialist to offer proficient support to any student that was experiencing difficulties.Inter personal abilities is basically virtually getting on well with your colleagues. I was in a university with bulk from different cultures and backgrounds. I also lived in the hostel and I had three flat mates all from different cultures and backgrounds and we to share the same financial support room and kitchen. These are the factors that helped me gain inter personal skills while studying in the university.The explosive growth of information technology in recent years highlights the need and importance of IT skills (Pearlson Saunders, 20067).In future if I work in an memorial tablet I could be asked to take on any tasks that require different skills at different times. Finally, most organisations are now a mix of people from different cultures and backgrounds, therefore my interpersonal skills as well as communications will benefit me, if I acknowledge myself works in such multinational organisations in the future.One other skill that I gained while studying was multi-tasking and organizing skills. These two skills are infixed skill (Crenshaw, 200715). I gained this skill by taking part in different activities in the university. As an undergraduate you are introduced to many different activities and some of them have no relationship with one another. I was introduced to so many different activities that obscure different tasks to accomplish. I gai ned organising skills by been involved in many societies on campus. The effect of this was that I had to organise my time effectively and efficiently between my course work and my other activities on campus. This skill will help me in future due to the fact that I can cope in a busy working environment. Furthermore, I can be versatile and engage in different activities that are not related. Finally, I will be able to organize and balance my personal life and my working life.The last key skill that I acquired while in the university was time management skills. Time management is all about determining ones priorities. There is usually a lot to accomplish in the university. When you acquire this skill you can then be able to determine your priorities. I gained this skill my making a day-after-day to do list the day before and I usually organized my list in accordance with three criteria the importance/urgency of the task, the summate of time available and the quality of time availab le (Morris, 199673). This skill enabled me to be in control of my personal life and academic life. This skill will help me function well under pressure and make me be in control of my work load in any organisation I find myself working for in future.BibliographyCameron, G (2005) The UK living accommodations Market, frugal Review, University of Oxford Journal, OxfordCrenshaw, D (2007) The Myth of Multi-tasking, Key Organisations System, capital of the United KingdomHeller, R (1998) Communicate Clearly, Dorling Kindersley, capital of the United KingdomKing, A.G (1992) Effective Communication, Blackstone Press, LondonLee, S (2009) Is the UK real estate market meet with the rest of Europe? Journal of European Real Estate Research, Vol.2, supply 1, 18-32Morris, B (1996) First Steps in Management, Library Association Publishing, LondonOswald, A.J (1999) The Housing market and Europes Unemployment A Non-Technical Paper, Economic Department, University of Warwick, WarwickRuddick, G and Moore, M (2010) UK Housing Market Double Dip Fears, Telegraph on line can be assessed at http//www.telegraph.co.uk/finance/economics/houseprices/7539267/UK-housing-market-double-dip-fears-subside-slightly.html Scott, P (1996) The property master a History of the British Commercial Property Sector, Spon E FN, London