Property investment may seem unlikely during a credit crunch when the housing market is on its knees. But in fact, now is a good time to invest in property with thousands of homes up for sale at fantastic prices – property investors turn to property auctions to find the real bargains. As repossessions soar, more properties are becoming more affordable. Property auctions are the ultimate place to snap up a bargain – with fewer buyers on the market and increasingly shaky consumer confidence, it's possible to purchase property at rock bottom prices.

Property Investment: The Time is Now

Although some investors may be put off property investment, there is still money to be made – with the likelihood that prices will increase again in a year or so. Now is the time to buy property when it's at its cheapest. A BBC2 investigation by Andrew Verity for the 'Truth About Property' show states that it's a misconception that falling house prices reduces peoples' wealth. The fact that property prices were so over inflated to begin with means house prices would have to fall by 56% to put the average homeowner into negative equity. Property investment then is still a viable and lucrative career.

Property Investment: Snap up a Bargain

Some economists are predicting a 20% fall in house prices; property investment should pick up a gear as more investors snap up homes in bargain basement style property auctions. Never before in the last decade have property prices been so affordable.

Property Investment – Expand your Portfolio

Although some 30% of homeowners have paid off their mortgage, and it's predicted that many people will be able to sail through the credit crunch thanks to the strong equity they've built up over the years, the Bank of England predict that one in 20 homeowners are at risk of negative equity – some half a million. For those, it's been advised to stay put and wait for the inevitable recovery of house prices. But for some of those homeowners who face financial difficulties, either because of debt, job loss or divorce – a sell house fast scheme could be the only option. Although it's spells misery for these homeowners, it's a boost for property investment, as investors can expand their portfolio, then wait for prices to rise.

If you need help to get a faster sale or you are looking to buy a property at auction, contact Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to find out more.