UK property investment could see continued growth during the government's austerity measures, international property investment consultancy Property Frontiers has announced.
Press Release (PressBurner) Aug 06, 2010 - UK property investment could see continued growth during the government's austerity measures, international property investment consultancy Property Frontiers has announced. The firm believes that the job losses will bring rising supply and falling prices, at a time when the wider economy is still maintaining a slow recovery, thus creating a favorable environment for investment in UK property. Director of the firm David Cox said:
"Though we have all heard about the scores of landlords and investors both large and small who have gone bankrupt; for the most part landlords have not only dug in and survived the recession, but many have actually been able to take advantage of the low property prices to expand their portfolios.
"The government's austerity measures, including cutting millions of public sector jobs is set to bring millions more low priced properties onto the market, and at a time when the wider economy is widely thought of as being in recovery. This combination should lead to increased activity on the UK property investment.
"In fact, there has not been a better time for UK property investment. In the early part of 2009 US foreclosure auction company REDC came to the UK to auction of the glut of repossessed homes the UK was stacking up. Most people expected the main purchasers at the auctions to be first time buyers, but instead, press reports from the events told us that it was not only investors that were predominantly buying at the shows, but novice investors buying their first properties.
"Now that we are entirely likely to see a second wave of high-foreclosure activity, we will likely see similar levels of investor activity over the next 12-18 months."
According to Cox, a high proportion of Brits have always believed that property is a good investment, so the huge reduction in prices and resulting increased yields simply make it an even better bet, he said:
"It has always been a common notion in Britain that property investment could be a path to financial freedom. Investors are always drawn in greater numbers when prices fall dramatically -- especially when bargains are brought together in a glitzy auction stage show like the ones put on by REDC."
Property Frontiers are currently marketing several UK properties specially picked out for their investment potential, including student accommodation investment products, and below market value houses across the UK. The latter is particularly special, because the investor puts down £50,000 to have a BMV property sourced, which is often a house of up to 3 bedrooms yielding up to 10%.
Property Frontiers is one of the most influential and innovative companies in the International Property Investment arena. We are dedicated to guiding our investors through the sometimes complex world of opportunities that the global property markets offer.
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