House prices are down

Plenty of news this week about the UK property market and recession. Not that the media are painting a better picture yet – repossessions are up 71% in a year, house prices are down almost 15% in a year, the US economy is still shrinking, and the forecast is that house prices will not begin to recover until 2013!

Here are some of the stories from the last week:

 

If you need proof that rental demand is increasing then check out this article from the Financial Times:

http://www.ft.com/cms/s/0/80b7395e-a03d-11dd-80a0-000077b07658.html

Finally the BBC ran an interesting feature on buy-to-let investing here:

http://news.bbc.co.uk/1/hi/business/7087324.stm
 

Although we would disagree with some of the comments its an interesting read none-the-less. In particular the summary which stats that investors are unlikely to see substantial revenue from rental income alone would be the biggest point to argue.

With the market how it is with lower house prices and higher rental demand it is perfectly possible to find bargain properties that achieve fantastic positive cashflow.

To prove that point take a look at the deal below, this was actually discovered and bought by a Property Mentor delegate last week:
 

    Area – Buckinghamshire

    Property Type – Semi Detached

    Number of Bedrooms – 4

    Valuation – £299,950

    Positive Cash Flow – £790/Month

 

This shows the potential Property Mentor offers. There are bargains to be had that produce massive positive monthly cashflow and this is all helped by the house price crash not hindered by it. If you could have bought the property above would you? Of course you would it’s an extra £790 in your back pocket every month.

Now is the BEST time to invest!!

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