5
Oct
There are indications that 'the property market is stabilising'
Team Association customers might be interested
to learn that one property expert has claimed there are various
indications that the housing market is stabilising,
Keshav Thukaram, managing director of buy-to-let landlord website
Smartlandlord.co.uk, said that a rise in buyer inquiries, increased
confidence and a higher number of mortgage approvals suggests that
the recent volatility the market has experienced is coming to an
end.
His comments follow the publication of the Nationwide Index, which
revealed that house prices are now at the same level as in
September 2008.
"Investors should be looking to buy property while it is cheap to
maximise future yields," advised Mr Thukaram.
He explained that many professional landlords had been waiting for
such a downturn in order to start investing in property, much as
they did the last time the market bottomed out.
However, the UK is still far from recovery and has not yet seen the
full effects of the present unemployment levels, he
continued.
