As always, I’ll give you a little indication of what I’m personally seeing happening in the property market at the moment and then an overview of what the wider Press is reporting has been happening. I’ll start with what I’m actually seeing, based on my experience as the owner of a solicitor/estate agency firm.
Why Am I Drafting This Article?
So, you’re thinking about buying a property as an investment and you haven’t done it before. There’s nothing to it really, is there? Just a question of getting a flat that’s in good condition, or buying one then making sure that it ends up in good condition, then you find a tenant, get the rent in and make a tidy profit. No?
People regularly say to me that they are thinking of buying an investment property and ask my advice as to what sorts of areas they should buy the property in. They rarely ask what type of property they should purchase but, to be honest, that’s probably as important as the area. The idea of this article is to try to address those two issues.