14
May
Property experts believe now is a good time to buy
A panel of experts debating the future of the UK's property market
have agreed that now is a good time to invest in property, but
stressed the importance of having a financial safety net.
Speaking at The Property Investor and Homebuyer show, Jonty
Crossick, chief executive of Ready2invest, suggested that as long
as people "stick to the fundamentals", purchase below market value
make sure the rental income measures up there is no reason not to
purchase an investment property now.
Similarly Glenn Armstrong of G&A property stated there is
"nothing to worry about" with regard to investing now, so long as
the buyer has the safety net of around six months rental income to
cover all eventualities.
However Alistair Dickens, managing director of ISIS, said:
"Mortgages are very difficult for people to come by and we are
finding that people are still selling and wanting to transact but
we can't buck the market."
According to an accidentally leaked document, housing minister
Caroline Flint believes house prices will fall by five or ten per
cent this year at a minimum.
