UK riots 2011 summarised in a timeline leading you from the start to the effects
August 16, 2011 1 Comment
Following the riot incident and our riot report on the past events and developments, we have constructed an easy to read timeline of all the crucial happenings within the past week with regards to the UK riots.
This detailed timeline summarises the course of the incidents in terms of the riots in London and the UK in 2011. It reports the most crucial events and development during this short period. Sorted by the date, it makes it easier to understand and comprehend the facts behind the unbelievable truth. Starting on August 4th, it starts at the very beginning and leads you to the current situation – step by step! The summary is followed by a short paragraph of the experts’ opinion concerning the impact of the riots on the property market and the future housing prices. To conclude this article you are encouraged to take a lookt at the numbers that speak for themselves in the “effects in numbers” table.
In spite of the damage and tarnished reputation of some on the UKs prime locations, property prices are reported to be uneffected by the riots and recent developments.
Harm Mejer, property analyst at JP Morgan stated that “The riots were more bad news for a (retail) sector already struggling, it is not a huge disaster at this stage but you could expect a small impact on estimated rental values.”
However senior property analysts nationwide have firmly stated that in the longterm, a regular repetition of similar riots will have a profound impact on the UK property market aswell as the stock markets and international trade. Investors seek security as a vital aspect in any international investment and looting of property does not provide an optimistic and blooming market.
The devestating impact of the riots is summarised in a short review in terms of effects in numbers.
|effects in numbers|
|201||people were injured, among them|
|186||police officers and|
|5||police dogs were injured|
|100||homes were destroyed (at least)|
|200 Million||pounds is the amount the Association of British Insurers estimates to be paying out|
|7||major football games were cancelled|
If you are interested in reading more about this subject, read our article of how the riots may hamper the property prices.