Falling House Prices - Still a time to Profit
Filed Under Property Updates · Tagged: falling house prices, Profit-from-Property, Property Investment
How Can You Profit From Property?
House prices are falling - as if you didn’t already know! But they haven’t fallen so fast for 18 years. The average house price has dropped a shade over 10% since this time last year. And according to Nationwide, the fall in house prices is actually accelerating. June saw a 0.9% fall; July fell by 1.5% and August saw a fall of 1.5%.
So is there still a means or a mechanism by which to profit in these uncertain times?
The housing market hasn’t looked so grim since 1990. But look at the peaks and profits we’ve had since then…
If you look historically, the property market has increased in value over the longer term. Of course there have been ups and downs in the market, but over the longer term, property has remained a pretty safe bet.
And as several estate agents are reporting, some interest is returning to the property markets, with a slight increase in viewings. Although they also say that the increased viewings have not necessarily yet translated into increased buyings.
So there is still a degree of caution across the different property and housing market sectors. Most experts agree that people are waiting to see how far (or how much further) the house prices are going to fall, before making any commitments.
The average house price, again according to Nationwide, is now £15,000 cheaper than a year ago.
On the other side of the coin, a number of mortgage lenders have announced they are going to cut the cost of fixed-rate mortgages, to encourage buyers to take action in the housing market.
So is there a way to profit from all this?
What’s the best way to buy into the property market and find your niche within property investment?
What’s the best way of finding your way around in this current market uncertainty?
One of the best ways is to get some expert advice. From someone - or a team of people - that have been through the ups and down of property investment and can guide you through the pitfalls, so you can learn firsthand from their mistakes.
Property Mentor is one such team. They are offering a free property investment seminar in different locations around the UK. Click here to find a location near you.
Find Out if You Could Benefit From a Free Property Investment Seminar
