PricewaterhouseCoopers (PwC) have recently reported that on
average a 'typical' UK household owes £7,900 in personal loans,
overdrafts and credit cards. They also report that each Household
is repaying just £355 of that debt per year on average.
So what does this mean for us? Basically, at that rate it will
be at least 22 years before these debts are repaid in full - and
that's assuming all repayments are met and the debt is not added to
At least households, corporations and financial institutions in
the UK have begun the debt repayment process, however, whereas the
country as a whole has not and is being more than offset by the new
debt being taken on by the government. Since 2008 our total debt as
a percentage of GDP - which includes all the loans and fixed-income
securities of households, corporations, financial institutions, and
government - has grown by 20%.
Although the government did step in to try to prevent the
natural deflation taking place when the credit bubble finally burst
about four years ago, it does appear that we have now reached the
stage where government spending can no longer replace that of the
productive private sector and therefore we find ourselves in
Thankfully the Caribbean, however, is a completely different
matter, as it has not experienced a recession for over 40 years.
This has seen a steady rise in property prices as the Caribbean
becomes a more and more affordable and popular holiday destination,
which can guarantee fantastic weather all year round.
We have personal investments in Caribbean property developments
and that makes us serious about our work. It is encouraging to hear
people are becoming more aware of potential financial challenges
they could face in the future, particularly as we have a
proposition that may be able to help them repay debts and increase
their standard of living in retirement.
We have built up a vast amount of knowledge and experience and
will continue to use this knowledge to good effect ensuring our
continued success to source incredible low risk - high reward
opportunities through property investments. To date only one such
opportunity has sparked our interest - this is it!