16
Apr
Long-term prospects 'should be considered'
Property investors have been told that they should try and stay in
the industry for the long term, as the market operates in
cycles.
Managing director and owner of YourPropertyClub.com Brett Wood
noted that while house prices are likely to dip in the short term,
these should rise again in the future.
He suggested that if matters begin to "slow down" then interest
rates will "blow up" and recharge the housing market and the
economy as a whole.
And Mr Wood remarked that buy-to-let individuals are starting to
flock back to the market, despite their reluctance to do so over
recent times
"At the moment we are seeing a lot of experienced investors jumping
back in and these are investors that have stayed out of the market
for the last four years," he commented.
Last month, 78.5 per cent of the surveyors polled by the Royal
Institution of Chartered Surveyors noted that there was a fall
rather than rise in prices during March.