Investors should purchase homes now rather than waiting for the bottom of the market, it has been claimed.

Timothy Lambert, sales and marketing manager at property investment consultancy Ducalian, explained that vendors will get more confident and opportunities will be reduced the closer the market gets to bottoming out.

"With low prices and interest rates at an all time low, now is the best time to buy since the last property crash in the early 1990s,"he said.

Indeed, his comments come after Nationwide reported last month that the price of a typical home had fallen by 17.6 per cent over the previous 12 months.

Mr Lambert also predicted that the amount of distressed property on the market will increase for at least the next quarter.

This might encourage private landlords to consider adding bargain homes to their portfolios.

Research by Business Development Research Consultants in January found that professional landlords were taking advantage of repossessions, low house prices and property auctions by adding bargain homes to their portfolios and posting higher profits on their buy-to-let mortgages.ADNFCR-2002-ID-19068253-ADNFCR

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  2. Investors turn to property
  3. Northern Ireland property values tipped to fall
  4. Buyers told to target low-priced homes
  5. Rental yields prompt interest from property investors

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