IPM Property News
The Five Reasons Why Now is a Great Time to Buy!
With the housing market showing signs of a downturn in some areas, properties not selling and house prices remaining static, buying a house could seem like a bad investment right now.
But actually this could be one the of the very best times to invest in property. Something that savvy investors and smarter buyers have already realised.
In fact, there are five good reasons why you should not put off your buying decision and wait, but make a move right now.
1. It’s a buyer’s market
With many houses for sale and so few selling, it’s a real buyer’s market. This means property developers are now far more willing to negotiate and offer better deals to buyers. IPM can take advantage of this and find you the best property deal and locations.
What’s more, our position in the property marketplace enables us to find high quality properties and buy in bulk. We then pass these savings on to you, enabling you to purchase your property tens of thousands of pounds under market value.
2. The RICS and ARLA say it’s an ideal time for buy-to-let
Right now is an exceptionally good time to become a buy-to-let investor, according to two recent reports. Two different organisations have announced that market conditions are ideal for people who want to buy a property and rent it out.
The Royal Institution of Chartered Surveyors reports that a record number of first-time buyers are currently choosing to rent rather than buy, while they wait to see what happens with the housing market. This has put huge pressure on the prices of property rentals with prices being forced upwards – there is even talk of record growth rates.
The Association of Residential Letting Agents agrees and has recently declared that demand for rented homes has seriously outstripped supply.
3. Use the Banks to your advantage
With the current credit crunch, loans and mortgages appear harder to come by. With so many amateur investors pulling out of the market, the banks are now looking for strong investments. Using a bank’s finances to support your property purchase could multiply your returns by up to a factor of five times over conventional investments such as shares or cash savings.
4. Property is ALWAYS a good long-term investment
Even allowing for inflation, property has outperformed most other investments over the last 50 years. And it should continue to do so, as house prices rise again because of the fundamental shortage in supply compared to demand.
For instance, the Halifax has been publishing its survey of house prices since 1983. Back then, the average UK property cost just under £30,000. Today, it is worth just under £160,000. The Nationwide carries out a similar survey which dates back to 1952. Back then the average price of a property was £1,891 - and the average wage was just £489! All in all, over the last 47 years house prices have outstripped inflation five times over.
Here’s what a respected financial journalist has to say
“As long as you can afford it, you should consider buying regardless of the doomsayers who warn that property prices are set to collapse. They are probably wrong. But even if they are, you will be having a lot more fun waiting for the market to turn than them.”
Nic Cicutti, Editor of Money Supermarket.com.
Nic has been a financial writer for more than 15 years. He was personal finance editor at the Independent, then editor of the Financial Times' website, FTyourmoney and has won a number of journalism awards during his career. Nic also writes for MSN Money, the Sunday Telegraph, Sunday Herald, Esquire and Money Marketing.
“As long as you can afford it, you should consider buying regardless of the doomsayers who warn that property prices are set to collapse. They are probably wrong. But even if they are, you will be having a lot more fun waiting for the market to turn than them.”
Nic Cicutti, Editor of Money Supermarket.com.
Nic has been a financial writer for more than 15 years. He was personal finance editor at the Independent, then editor of the Financial Times' website, FTyourmoney and has won a number of journalism awards during his career. Nic also writes for MSN Money, the Sunday Telegraph, Sunday Herald, Esquire and Money Marketing.
5. You can depend on our experience and expertise
Together our staff have over 100 years of experience within the UK and overseas property markets. We carry out extensive research of the property market at all times and have a comprehensive 'due diligence' process to ensure that buyers get a sound investment.
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