Quote:
Originally Posted by alexft
Well the people who are in the game recently wont be investing because of the negative equity. Some cash rich investors will acquire buy to let properties at the fire sale prices and keep them long term. There is still money to be made in UK. Overseas investments can offer good returns provided you do due diligence. Look at the recent Spain property market collapse and rise in Dubai, India. Every day brings new opportunities to gain or loose and any offer to invest should be examined in the light of recent information together with fundamentals and historical returns. Ideally you would be informed by the agent if the area is family area or flatland, where is the nearest schools, parks and other facilities.
Regards,
Alex
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Buy to lets have always been seen as a medium - long term investment which, in recent times, has been a 2 fold win for landlords making gains in both the property value and from a monthly rental income in excess of mortgage payments and maintainence.
While the current downslope in property value may be enough to scare off some investors, others will note that in this kind of market there is a higher demand for rental properties which will produce an increasingly positive effect on rental income.
This point, coupled with the risks of currency fluctuations in relation to overseas investments will ensure that the buy to let market remains boyant in the UK for years to come, irrespective of investor's ability to buy properties outright.
Paul