Current market good for bargains
24th September 2008
The current market offers the best opportunity for budding investors to get a bargain on property, an expert has claimed.
Speaking at the just concluded Property Investor show held in London, Robert Graver, director of Alan Boswell Group, said investors should "take advantage of distressed sales and repossessions" to get a bargain.
"The auctions I have attended are 20 per cent down on prices from last year, in some cases more than that. The prices are getting down to a level now where people can still afford to buy," he said.
Another exhibitor, Chris Howard, managing director of 4:Property, was optimistic about the future of the property market saying "supply and demand will determine the price, supply is continuing to fall short of demand".
Around a thousand exhibitors ranging from estate agents to financial advisers were present in the September 19th to 22nd show, which was held to give potential investors advice on the health of the property market.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
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UK Property Investment
24th September 2008
The current market offers the best opportunity for budding investors to get a bargain on property, an expert has claimed.
Speaking at the just concluded Property Investor show held in London, Robert Graver, director of Alan Boswell Group, said investors should "take advantage of distressed sales and repossessions" to get a bargain.
"The auctions I have attended are 20 per cent down on prices from last year, in some cases more than that. The prices are getting down to a level now where people can still afford to buy," he said.
Another exhibitor, Chris Howard, managing director of 4:Property, was optimistic about the future of the property market saying "supply and demand will determine the price, supply is continuing to fall short of demand".
Around a thousand exhibitors ranging from estate agents to financial advisers were present in the September 19th to 22nd show, which was held to give potential investors advice on the health of the property market.
Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts – they will guide you through the process.
<< Back to News