22/02/2023
Are you thinking about investing in property, but feeling unsure about the current market conditions? Headlines can be alarming, but it's important to look beyond them and understand the facts.
Here's what you need to know:
✅ The Bank of England has increased the base rate to 4%, but mortgage rates are dropping due to competition among providers. This makes it more affordable to invest in property.
✅ Property prices are no longer skyrocketing, and there may be a slight decrease in prices. However, this is not likely to be significant and can create opportunities for investors to snap up properties at a discount.
✅ Property investment is a long-term strategy, and prices double on average every 10 years. Even if there is a slight dip now, there is still potential for growth over the next decade.
✅ Rental market remains hot. According to the recent RightMove report rental prices have increased by 9.7% in 2022 with demand for rental properties remaining strong, meaning that investors can make significant returns from rental income even if property prices are not increasing rapidly.
There are still opportunities for investors to make significant returns from property investment despite the current market conditions. By understanding the facts and taking a long-term view, you can make informed decisions about investing in property.
And if you're still unsure if now its the right time to invest, get in touch with me and we can discuss your options.