10-03-2008
Profit still possible through property investment
News by Adfero for Simply Business - independent providers of public liability insurance, business finance, landlord insurance, buy-to-let mortgages & commercial mortgages.
Buy-to-let investors could still enjoy strong profits, according to a new guide published by Which?.
The Property Investor's Handbook highlights that savvy investors could make money through investing in less conventional ways.
It notes that it is difficult for traditional property investments to reap sizeable profits.
However, investment in off-plan property investment - which is "highly speculative" - could be a profitable venture if large discounts can be negotiated with developers.
Which? warns buy-to-let investors to do proper research before committing to a transaction and to ensure they understand the local market.
Handbook author Kate Faulkner said in an unstable housing market, property could become an unfavourable investment.
"But many people don't realise that property investment opportunities come in many forms," she continued.
Estate agent Your Move today claimed that buy-to-let properties are currently in high demand.
Managing director David Newnes said January and February saw "considerable" growth in the market, as tenancy demand increased.