Buyers will as always be searching for bargain properties but many will still want to balance risk with savings. So where should they look to make the most money from property?
Many argue that the Euro zone is a good starting place if you select your venue carefully, there have been some fantastic bargain properties in Spain. Many Brits have sort to be more fugal so splashing out on that second home has been pretty low on their list of priorities. This has lead to a glut of many properties that would have traditionally been soaked up buy British property buyers. This has meant many sellers have become more motivated and lowered their asking price in an attempt to sell to the lower number of British property buyers.
Some European property developers are selling houses at discounts of up to 40% but many inside the property development sector expect that many of the property bargains will have disappeared by mid 2010. As more and more confidence returns to both the UK and European property markets.
Some well respected property development pundits are betting on 3-5% increases in UK and European property prices by May of this year. This is a far cry from some of the negative projections seen in recent years. So advice to buy-to-let landlords and property investors is buy in May then go away! Many believe that most of the bargains have been had but if investors and landlords act quickly they will still find a bargain property in 2010.
Bargain properties in 2010
January 31, 2010
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