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Now is the ideal time for buying investment property
Now is the ideal time for buying investment property
This year, in particular June and July, has seen the biggest drop in asking prices for buy-to-let and residential property since 2008.
Tarporley,
Cheshire,
United Kingdom
(prbd.net)
03/09/2012
This year, in particular June and July, has seen the biggest drop in asking prices for buy-to-let and residential property since 2008.
If you are buying investment property, now is the ideal time to find a well priced buy to let property; whilst prices are low and you can maximise your yield. With a lower mortgage loan you can improve your cash flow.
Currently, there are twice as many sellers as buyers, and the average UK house price has fallen by over £4,000. Regionally, West Midlands saw a rise of 2% in house prices yet in Greater London they fell by 3.6% with Hackney standing out as the best performing borough.
Susan Alexander is a property mentor, she specialises in buy to let property and helping property investors build a successful property portfolio. She says:
'The market has been slow this year with a number of factors continuing to influence its activity, not least of all the Olympics during August and the Jubilee early July.
"The result has meant for those who want to, or need to sell, it is important to be realistic and price their property appropriately, making it stand out as a more attractive proposition for those buyers who are in the market."
So many people think they can invest in property themselves and feel that they don't need additional advice. or education. Consider most of the worlds most successful people, they fast track to where they want to go by getting a coach or mentor. By following this route, it can prevent making mistakes, which where property is concerned can cost thousands of pounds or better still by getting the right advice make thousands of pounds!
Setting realistic achievable goals is so important when starting to build a property investment portfolio. It is also essential that you understand what your property investment strategy should be e.g buy and hold, buy to let etc. or even what types of properties and where.
This is where using an experienced property mentor who is also an investor can be invaluable in helping get a buying investment property decision right every time.
For more details visit: http://www.susanalexandercoaching.com/
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This is where using an experienced property mentor who is also an investor can be invaluable in helping get a buying investment property decision right every time. For more details visit: http://www.susanalexandercoaching.com/
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