The UK’s property market is still slowing, according to the latest research, with the annual rate of growth now just 4.7% in May (down from 5.3% in the year to April). Experts believe that this trend looks set to continue, and predict that growth will shrink to as little as 2% by the end of the year.
London has been hit particularly hard by this trend, which has left some residents concerned about the value of their properties. However, it might be just the property investment opportunity that new investors are looking for. Here’s more information.
Fewer Sales, Cautious Market
The RICS found that numbers of properties for sale have hit record lows, demonstrating that sellers are adopting a cautious attitude at present. Likewise, there are fewer buyers, which is depressing prices, especially in the capital.
Indeed, London saw the slowest rise in house prices – just 3% last month, whereas in the east of the country, property prices rose to 7.5%.
What are the Implications?
The main thing to note here is that buyers and sellers alike are adopting a more cautious attitude, choosing to hold off their sale or purchase until the market is a little more certain. Whilst this is bad news for the property market as a whole, it’s actually great for UK property investors, as it marks the perfect time to find a bargain.
Where to Look?
Most experienced investors know that the best bargains are seldom found in estate agent windows. Instead, we recommend looking for buy-to-let property for sale in:
The Buy2Let Shop In Bromley
When searching for investment properties in London, it’s important to work with a property investment agent who has solid knowledge of the current market. The Buy2Let Shop, who are based in Bromley, are a team of property investment agents, with specialist knowledge of buy-to-let properties in the capital and beyond.
We also offer assistance with buying a house at auction, and regularly host free property investment seminars, designed to boost your knowledge, and help you to build your property portfolio. To find out more about our services, simply visit The Buy2Let Shop website today.