It seems that everything is cheaper on the world wide web and now you can even buy discount investment properties online, well below their market value.
The property market has clearly been good to some people. Those who have invested in property in recent years have certainly made small fortunes. Being aware of the property market and of the up and coming areas means buying discount investment properties well below their market value can bring big dividends. One such success story featured on the BBC's Inside Out show was Birmingham businesswoman Lea Beven. Having bought her first house at the age of 19, she went on to buy almost 80 properties across the UK, building a housing empire, valued at around £9m by the time she was 30.
Discount investment properties online
But buying cheap property these days has become harder as more and more people have clued up to the investment opportunities property affords. Now however, there are discount investment properties available well below the market value on specialist on-line property auction websites.
Online property auctions
Investing in property has been one of the biggest success stories for many up-and-coming entrepreneurs in recent years, and if you are looking for discount investment properties and online property auctions, there are plenty of opportunities up for grabs.
Property market boom
As the property market continues to boom, finding investment properties well below market value is increasingly difficult, which is where online specialist property auctions can help. It was recently reported that the lowest average house price in a British town is now a staggeringly high, £104,738. In 2007, for the first time ever according to the Halifax, every town in the UK now has an average price above £100,000.
- The average house price for the whole of the UK passed £200,000 for the first time in February this year.
- A north-south divide has re-emerged, with London prices rising 14.9% over the past year while average prices in the north of England have risen 5.6%.
- The average house price in Northern Ireland has risen by 76% since the start of 2005.
With such a boost in property prices, finding discount investment properties isn't simply a question of scouting estate agents. Specialist companies such as Discount Property Auction however can find discount property for investors. Discount Property Auction can offer discount investment properties well below the market value because they buy their property direct from homeowners who have to sell quickly often as a result of a change in their circumstances or finances.
If you're interested in buying good investment property, contact us at Discount Property Auction. We're committed to helping you find the property you need through our dedicated online auction facility, which allows you view a wide range of properties across the UK, arrange a survey and bid online. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to register today.