The swirling cosmos has big ideas for the UK property market. Planets and stars are setting up in an auspicious configuration and if you join the dots in the midnight sky - the right ones of course- they make the striking appearance of a first-time buyer being handed a cheque by David Cameron, exercising his ministerial right to help them all buy property with the leverage of tax payer's money. It's an odd twist of fiscal fate that when viewed in context alongside other factors, founder of Platinum Portfolio Builder (PPB), Nick Carlile, believes it marks the beginning of a fresh cycle of boom after bust. Here he talks to property journalist Matthew Pigott about why now is the time to invest in bricks and mortar, especially in the North of England.
Says Carlile: 'In my opinion, the Conservatives' move marks the beginning of a new phase in the housing market. PPB has been buying properties for many years, and over the next twelve months we anticipate investing in around 1,000 properties for the company and its clients. The reason we're going into hyper-drive in 2014 is because we believe the time to invest is now. 20 years ago, when I bought my first property, it was at the very beginning of a cycle that feels remarkably similar to this.
So you're relying on your experience rather than data to interpret the future?
I can't predict the future or interpret it. It hasn't happened yet. But when you invest in property, it has to be on the basis of experience combined with thorough analysis of current data. The beauty of the housing market is that it tends to repeat itself in cycles. And the beauty of experience is that it alerts you to key changes that inform your investment strategy - generational cycles, demographic shifts, boom and bust, recessions and upturns, political chess moves. These are the biorhythms of the market. Planets move around the sun, and return to where they started, though further down the time line. The housing market isn't dissimilar. In 1993 when I bought my first property, we were just coming out of a recession, prior to a massive boom. The signs are here again.