When deciding where to invest in property, often people choose to invest where they live as they believe it is best to know the area- This I agree with… to an extent.
However if the market you are attempting to invest in within your area is particularly expensive, then this is sometimes the reason people hold back. Or worse still, NEVER get started!
We are very fortunate to live in an area that people often refer to as ‘cheap’. Being one of the residents of the city, I prefer ‘good value’ . However this is a great point and also a great opportunity for other people to invest in our ever growing, ever moving city.
The article attached shows the figures of property sales between March 2015 and March 2016 and the detail may surprise some people! NOW is the time to invest here with prices of semi-detached and terrace houses down by 3% and 1% respectively, yet the number of houses sold over the same period increased by 30% for semi-detached and 61% for terraced properties. Buying now at a relatively lower price with the chance to add value and also gain an income in the meantime is our preferred method at Owen Oliver, however these figures also provide benefits for buy, refurbish and sell opportunities (flips) too.
Knowing your investment area is VITAL, however we provide a hands free opportunity in the form of property sourcing, packaging and joint venture opportunities. If this is something you would like to know more detail of, please contact us at email@example.com.