Unemployed - Become A Property Investor

Property Investment On A Shoestring

The unemployment figures published in the press at time of writing do not make good reading. Record high unemployment figures of 5.5% are set to increase even further.

Estimations for recovery look bleak with experts predicting 2 million people will be unemployed by 2009.

The Office of National Statistics (ONS) say the number of people claiming job seeker allowance has risen from 32,000 to 900,00 since July. Nearly 30,000 people are applying for job seekers allowance a day.

What Has This Got To Do With Property Investment

In times of economic troubles all forms of investment seem at first glance a very risky proposition. The stock market certainly is a gamble in the present climate. But what of property.

The UK has one big advantage where property and a potential investor is concerned - the UK is an island and so demand will always outstrip supply. There are not enough houses built or being built to meet the demand.

This may seem total nonsense after what you are no doubting reading and listen via the media. Any kind of investment opportunity in the housing market may appear foolhardy. This is a wrong perception.

Currently, property can be purchased at well below market value - this is an ideal scenario for a potential investor. The problem lies with borrowing from a lender - it has been much discussed that UK mortgage companies and lenders are tightening the criteria and cutting back on mortgage products.

The buy to let market is fairly unaffected - with a majority of mortgage lenders approving buy to let mortgages over and above the typical mortgage for the individual or family to buy to live in. The reason for this is the the buy to let mortgage is considered less of a risk. In times such as the one we are currently experiencing will always fuel the need for tenants.

How To Buy Property For Practically Nothing

If you are currently unemployed what better way to join the workforce again than by employing yourself - as a property investor.

Property investment is not complicated and does not require huge some of money to start. Property investment is not property development

The chances are you probably did not realise that it is possible to acquire a property with a No Money Down Deal - you could recieve a 100% loan from a bank or lender that requires no deposit. All that is needed is a tenant or proof that a potential tenant can cover the cost of the monthly repayments.

Property Investment is not just for the cash rich but does require training and knowledge - if you would like to find out more about property investment on a shoestring - click here

5 Reasons Why Houses Prices Are Falling

Why Are House Prices Falling

The housing market in the UK is in freefall currently, in stark contrast to the buoyant property market scene of just a few years ago. But why are house prices falling and are you concerned about the negative equity that your home presents you with.

Throughout the nineties and midway through the 21st century the UK property market enjoyed its biggest ever boom. Our homes it would seem were our biggest asset. This though was a false sense of economy as most would never realise the equity in our homes as to move would negate the profit gained.

1. House Prices Are Unaffordable To First Time Buyers - First time buyers are finding it increasingly difficult to get onto the first step of the property ladder as the average house price to earning ratio are now poles apart.
2. Mortgage Lenders Are Not Approving Finance - The phrase Credit Crunch applies to the mortgage industry more than any other. Applications for mortgages are fewer and more mortgage applications are being rejected.
3. Interest Rates Increasing - Interest rates are increasing with velocity, the average monthy mortgage repayment has risen by 30%. This effects first buyers and low wage earners who are now in danger of repossession.
4. Unstable Economy - Any rumour of an unstable economy and one of first industries to be hit is residential property market.
5. What Goes Up Must Come Down - the last decade of phenomenal growth had to slowdown sometime, an initial slowdown is viewed as a negative - the knock on effect is panic, reduction in consumer spend and eventually a credit crunch situtaion.

Is Now A Good Time To Invest In Property

If you intend to move house or buy a property for the first time for the sole purpose to live in it may be wise decision to not do anything yet. House prices will probably continue to fall for the forseeable future - then recovery is expected.

For the property investor now is the perfect time to invest in property both residential and commercial. The Buy To Let market will increase dramatically as tenants will outnumber available property.

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