| Is this a valid argument? | | | | investment. |
| You have probably been told by a property | | | | This includes: |
| investment broker or company that there is never a | | | | * Studying property prices over a sustained period of |
| bad time to invest in property as long as you are in it | | | | time. |
| for the long term. The reason for this is that statistically, | | | | * Making yourself known to estate agents and |
| over the long term, property prices have always | | | | property investment companies. |
| increased at a rate of around 5% per year. | | | | * Making a list of questions that you need answered |
| There is no doubt that making a profit out of property | | | | by any agent when looking at property, and making |
| investment is a lot more attainable if you give yourself | | | | sure that they are all answered. |
| 10 years to do it. | | | | * Haggling, whether there is already a discount or not, if |
| If however, you are looking at making significant profit | | | | you believe the deal works at a higher discount, ask if |
| in the short term then you could be in for a shock! | | | | there is any movement. |
| If you are buying a property to live in the increase or | | | | * Make use of various property investment forums , if |
| decrease in property prices will not affect you as | | | | you are looking at an investment in a certain |
| dramatically as someone with a large and highly | | | | development, potentially someone has got there |
| geared portfolio. | | | | before you and has an opinion! Simply type property |
| If your family house increases in value £50,000 | | | | investment forum into Google! |
| over 3 years and you decide to sell, don't forget that | | | | Once you have found your particular property |
| unless you are downsizing, other houses similarly prices | | | | investment you will need to work out the finances. |
| or higher priced have also increased in value! | | | | Many newspapers are predicting that interest rates will |
| There is no doubt at the moment that the market is on | | | | fall again in 2008, but try and work out your worst |
| the buyer's side. With prices of property down on | | | | case scenario. |
| average £5,000 last month and fewer and fewer | | | | You need to know if you can afford to keep your |
| buyers visiting estate agents, many buyers may be | | | | investment over the long term. If rates go up you don't |
| desperate. Couple this with interest rate rises and a lot | | | | want to be just another repossession case for the |
| more repossessions coming onto the market than at | | | | banks to deal with. |
| any time in the last few years, discounts off of | | | | Remember, when house values increasing yearly you |
| property are most definitely easier to attain. | | | | could afford to gear your portfolio highly, this is no |
| What steps can be taken to make sure you are in | | | | longer the case for many people. |
| profit at the end of the year? | | | | Make sure that you keep a decent amount of equity in |
| Due Diligence. | | | | your properties. |
| This is a word that has been used more an more | | | | Following these steps should help you to invest! Good |
| frequently in property investment. | | | | Luck! |
| It basically means thoroughly researching your chosen | | | | |