18th August 2008
Property investors who have been finding it difficult to buy investment property due to high prices are now "strongly placed" to get what they want due to falling house prices, an expert has said.

This comes amid revelations from Rightmove.co.uk that the average asking price for property in England and Wales has continued to decline in August.

According to the website, the average asking price dropped by 2.3 per cent or £5,403 over the month, a bigger fall compared to July's 1.8 per cent.

This is good news for those who are looking for property to buy, says Miles Shipside, commercial director for Rightmove.

He said: "While those who do not have to sell are holding off, sellers who are also looking to buy are strongly placed to negotiate an equal or larger reduction in the price of the property they are buying."

He also said buyers now have the "best choice in years" pointing out that "properties that are architecturally desirable or in tight school catchment areas are increasingly attainable".

According to FirstRungNow, the widely speculated abolition of stamp duty would also greatly benefit property investors.

Are you looking to invest in a property in the United Kingdom? Simpli Group Property has a selection of properties that will make you a great return on investment. Speak to our property experts.

Daily News Brought to You by The SimpliGroup – Experts in the UK Property Investment Market



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