Throughout history, the property market has found ways to remain resilient in times of turmoil – and it is possible that now it could be a good time to negotiate a better deal on an off-plan property.
Unlike other sectors of the UK economy, the housing market has historically been proven to be consistently stable in the long term. This is because housing is a physical asset which has demonstrated growth in value over a number of years.
Although buy-to-let mortgages are currently quite difficult to navigate, and the value of the pound is becoming uncertain, property – more than any other asset – offers viable workarounds to assist investors in making the most out of their ventures – in spite of the biggest challenges.
For example, the drastic falling value of the pound last week may have left many uncertain about the future of the UK market; but it also provides a unique opportunity for international investors, allowing them to potentially invest for less money than before the pound began to drop, owing to this decreased GBP value making UK investments comparatively cheaper overall.
As well as this, throughout the pandemic – despite some challenges – the rental property market generally remained strong and reliable, with the height of the COVID-19 pandemic in 2020 even seeing house prices rising at their fastest rate since 2016.
At this point, projections for house prices and yields remain strong due to the ongoing demand for properties from both renters and buyers.
Again, those who wish to make the most out of their investments – especially those interested in off-plan property – should consider getting involved now to ensure the best results.
If you want to learn more about the housing market’s current state or begin your journey into investing in UK property, contact our industry-best sales team today.
And, for those interested in off-plan properties, check out an exclusive RWinvest opportunity and learn more about Central Park.