It has been a while since people were comfortable with their savings and consequently with investing too!
With interest rates at their lowest, people are opting to go on a shopping spree. At least they can afford what they are after.
Nowadays, living in London can also be seen as an assault course. Even people earning good money are struggling because it is not just about being able to pay the rent but also everything which goes around it: public transports, food and the eventual social evening involving meal with friends or cinema as well.
There is no point to live in a shoe box, if it is to only survive in the urban jungle. Everyone likes to buy from time to time new shoes, clothes or just relax around a cup of tea/coffee... but this can end up being pricey.
The Independent reported in October 2014 that London is too expensive to live and enjoying such lifestyle is not that simple, because it is constantly crowded.
And London is now even more inaccessible than Hong Kong - read more details HERE.
A question comes up regularly whether talking with Londoners or people living in the UK in general: who can afford to buy an accommodation or decide to go for an investment property with such high prices...even for a garage? (one was sold for £550,000 - article HERE).
Is London a place to invest just for the über wealthy who tick all boxes from private credit cards to luxury homes and cars?
Are we going to spend money on properties this year? Maybe a bit early to tell and decide.
Sometimes when New Year's resolutions come into the equation, people start to dream about the house they are hoping to get sooner rather than later... if only interest rates and prices were slightly lower.
Certainly the best time to invest was before the recent recession - but who could anticipate all these changes bringing misery to some families loosing jobs and roofs?!
Here is a little guide to investment in 2015 by Forbes - every little helps!