Discover how to invest in the right cities for you!
Wednesday 11th February 2009
The UK may now be in a recession but you don’t have to let this affect your property portfolio.
Instead you can offer your property portfolio more
… Insight into which cities will most be affected by the recession.
Let us explain.
According to the BBC News, depending on a cities qualification level, the more qualified they are, the more likely they will be able to cope with the recession.
And this can be more useful to you as an investor than you might think.
By being able to confidently invest in a city where you know your tenancy market will be able to afford to rent your properties, you will be able to invest feeling rest assured that you will always be able to receive a positive monthly cashflow from each of your rental properties.
But there is more…
In this startling report, they split cities into 3 distinct categories: green, amber and red. And their colour schemes simply speak for themselves.
Green: least vulnerable – Oxford, Cambridge and Reading
Amber: medium – Bristol, London and Edinburgh
Red: most vulnerable – Belfast, Liverpool and Hull
*PLEASE NOTE: the cities mentioned are just a sample of the ones offered in the BBC News report, and are put under these categories by their recommendation alone.
And the reason for such key distinction between these cities? Their workforce levels and experience.
Continuing in their report the BBC found that due to Cambridge’s highly qualified workforce, they had experienced a lower increase in people seeking Jobseeker’s Allowance compared to cites like Hull who have more unqualified residents.
Now you are probably wondering what all this information has to do with you as an investor. Well here is the thing… whilst these figures do not affect you directly, they are good indicators on which cities to be careful of investing in.
After all, the higher the unemployment figures, the higher the number of tenants who will be unable to afford your rental properties. A factor you need to take into serious consideration.
Offer your property portfolio more…
Interested in learning more about the property market and how to read positive signs within the media?
Why not come along to the FREE 2 hour Property Mentor seminar to find out how this news can benefit you.
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