Is the time ripe to invest in property?
June 7, 2009 by Brendan O'Neill
Advice & Tips
According to one prediction made this week, UK landlords are set to invest more in property over the next few months.
The prediction was made by Smartlandlord.co.uk as the website stated the time is right now for many investors in the UK.
News factored into this prediction included the recent house price increases reported by the Halifax and the Nationwide as we reported yesterday, the increase in the number of mortgage approvals from the Bank of England as well as research into general market confidence. All three of these reports give positive signs for the housing market.
Smartlandlord.co.uk stated:
“This is what many landlords have been waiting for – to invest in further properties while they offer the best value for money – securing good yields for the future.”
The prediction comes as Chris Horne, Property Hawk editor, remarked there is still a relatively high level of demand for buy to let mortgages however finance companies continue to remain reluctant to lend money in what they consider to be a risky market.
Whether or not the time is ripe to invest in property remains to be seen, what do you think?
Written by
Brendan O'Neill
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