According to a report on Property Wire, many leading property investment companies from countries like South Africa believe that the UK still has one of the strongest markets when it comes to buy-to-let property investment opportunities.
It goes without saying that the property market isn't as buoyant as it was at the same time twelve months ago but this may not be a bad thing for those looking to get into property investment. The number of homes making their way into the property auction room is increasing rapidly, largely due to the number of homes that are being to repossessed as a result of the credit crunch. This is obviously something that will be of interest to both seasoned property investment experts and those new to the arena of property investment as it represents an opportunity to pick up properties at prices that may be considerably less than what they are potentially worth. According to the report on Property Wire, many property investment experts are obviously wary about making moves given the state of the property market but many believe that the UK still offers ample opportunities for buy-to-let property investment professionals; particularly those looking to purchase property in the nation's capital, London.
Property Investment – Looking at the Big Picture
Of course, as with most investment opportunities, it pays to look at the big picture and the same is true of property investment. Speaking to Property Wire, housing expert, Scott Picken, states, "I think the most important thing with the UK is there's a lot of uncertainty at the moment. Mortgages have come down 70% in the last 12 months, and they expect transaction values are going to decrease from 2007 to 2008 to as little as 17%. The most important thing with the UK market is the fundamentals are in place and demand outstrips supply. I'd say if someone is taking a medium to long-term view they can make good and wise and studious investment for the future." This goes to show that those who view property investment as a long term endeavour will undoubtedly reap the benefits when it inevitably returns to a more stable position.
Property Investment – UK Still has Property Investment Openings
Of course, some areas are more likely than others to yield a profit when it comes to property investment and London ranks highly on the list of cities that is ripe for those looking into buy-to-let property investment opportunities. The best bet for those looking at property investment in London is to make sure that the chosen property has good transport links. Speaking to Property Wire, Picken states, "Never own a property that's more than 10 minutes away from a tube station. If you are further than 10 minutes you are going to battle to get a tenant. The most fundamental thing with investing offshore and particularly in London and the UK is knowing where tenant demand is and then finding a property that's within that tenant demand."
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