We Know Property

Surveyors report that some buy-to-let investors are entering the market to take advantage of rising rents and equally that ‘predatory buyers’ are looking to bargain for reductions in a falling market.

The RICS Housing market survey for June 2008 stated that “Demand is weak with the balance of surveyors reporting new buyer enquiries still well into negative territory. However, there has been a noticeable improvement in the trend with 35% more Chartered Surveyors reporting a fall in buyer enquires compared to 50% in May and 69% in April.

Surveyors report that some buy-to-let investors are entering the market to take advantage of rising rents and equally that ‘predatory buyers’ are looking to bargain for reductions in a falling market.

The lack of new instructions to sell property continues to provide a layer of support to the market. 

Large numbers of distress sales (either repossessions or sales from those attempting to avoid the repossession process) have not taken place and the employment picture has not deteriorated to a degree where repossession levels have started to accelerate.

“The current economic climate and global uncertainty WILL throw up some exceptional investment opportunitites for those in the know and willing to take the risk.