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There is no doubt that the recent economic and property market decline has forced many speculative property investment buyers out of the market. The property buying frenzy that existed in the boom times has long disappeared but the experienced property investors still remain active in the market.
A lot of experienced property investors are picking up some lucrative property bargains according to a Manchester based property investment firm. The company has reported a large rise in the number of property investors looking to capitalize on the current economic climate.
UK is reporting that it is now busier than ever before, serving clients hungry for high yielding and competitively priced property around the UK. “There is a sudden surge of property investors wanting to buy property in all areas of the country”, comments Kez Jones, one of the company directors. “The seasoned property investors have realized that some of the investment opportunities on the market today were rare a couple of years ago and our investors know that such opportunities do not come around often.
The state of the current market and the availability of so many property investment bargains is reminiscent of the recession of the 1980’s.” He goes on to say; “We have never been busier in supplying so many property deals to existing and new investors. In fact, some of our property deals are so lucrative and well priced that some sell within a matter of hours”.
The investors are fast realizing that the UK market is now on a much firmer footing than it was a year ago and now is a good time to buy undervalued property. The banking crisis has been averted and although the country is only just out of recession, the sentiment towards a recovery is now more prevalent amongst investors. Many investors feel that now is the perfect time to buy property bargains “at the bottom of the curve” and this is attracting many investors to put their money into property.
Many traditional savers who have previously relied on income from savings in banks have seen their incomes erode with the low interest rate climate. This has forced many savers to rethink their investment strategy and to consider property investment as the new way of investing. The investors are using the low interest rates to their advantage to buy properties with lower monthly mortgage costs to enjoy a higher rental income return from their investments. The buyers are not only getting cheaper properties, but they are also seeing bigger monthly incomes.
The state of the market has also brought a lot of cash buyers to the market. Again Kez Jones at investmentpropertysales.co.uk comments that “I believe a lot of the cash buying activity has helped underpin the property market recovery. The amount of cash that has been brought into the marker has been quite significant and I’m sure it has played a major part in preventing the property market collapsing like that seen in other countries.” The informed investors are capitalizing on buying competitively priced property from sellers who need to.”
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