If you follow us on socials (@Brentor_Property_Group) you’ll have seen us talking about this recently. If you're thinking about investing property, now is the time to act. The window of opportunity to purchase discounted properties is closing as interest rates begin to drop again.
Why are prices down?
Property prices in England have been falling in recent months due to a number of factors. The most obvious are the rising cost of living, and the uncertainty surrounding the UK's economic future. This has created a window of opportunity for buyers to snap up discounted properties.
Why are interest rates rising?
The Bank of England has been raising interest rates in an attempt to combat inflation. This means that the cost of borrowing money is increasing, which is making it more expensive to buy a property with a mortgage and make deals stack like they used to… But it’s still possible! Trust us, we’re still doing it!
What does this mean for buyers?
The combination of falling property prices and rising interest rates means that buyers are in a strong position to negotiate good deals. However, it's important to act quickly, as the window of opportunity is closing. As interest rates continue to rise, property prices are likely to start increasing again.
What do you need to do?
If you're serious about buying a discounted property, there are a few things you need to do: • Get your finances in order. Make sure you have a good deposit and that you’re in a financial position to move forward. • Act quickly. • Contact us today!
We’re experts in buying excellent investment properties! Book a free, no obligation strategy call with one of our investment experts today!
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