The consumer watchdog Which? believes that it is still possible to make a profit in the UK property market, despite the potential slide in prices.
According to its latest guidebook, the property investor’s handbook, smart investors that are willing to take risks in less conventional investments can still reap the rewards of the housing market.
Looking into buying off plan, especially at the moment with developers finding it hard to shift new stock, has been seen in the past as a risky venture, but with many house builders offering discounts to shift stock quickly getting in early and negotiating hard could pay dividends in the future.
Other areas that investors can profit from are purchasing plots of land with planning permission and converting former commercial buildings into residential property. Both need expert knowledge and significant finance in place to do well.
However the need to do research into the local property market and finding a property or developments real worth is essential in ensuring that an investment will give the returns to make the risk a viable option. Also rechecking finances to make sure that any major changes in the market can be dealt with and still provide a return on the original investment.
News brought to you by lowerpremium.co.uk
March 25th 2008
Companies found responsible for serious losing data or breaching data protection rules face more than... {more}
April 16th 2010
Next month Birmingham's Commercial Vehicle Operators Show opens and is a chance for manufacturers... {more}
March 31st 2010
A boat yard in Barrow has received a £300 million boost for their shipyard, as the Ministry of Defence... {more}
March 29th 2010
