Brexit has prompted a housing boom in the capital, experts claim after estate agents reported their highest rate of buyer interest in 15 years.
The Tory election and ‘get Brexit done’ will certainly inspire some confidence in the market as we now have a clear direction to move forward, and the fact is the UK has a housing shortage and people want to live here, simple supply and demand should keep the property market going.
But that doesn’t mean you can’t make mistakes.
Buying in the right location and for the right price will still affect how successful your property investment is so you must do your homework!
Look for properties you can add value, this will protect your investment as you should have instant equity depending on the level of spend on the refurbishment. Clever renovations on fixer-uppers offer an excellent way to increase profits, provided you do your research and partner with a trusted and efficient contractor who sticks to the budget and the schedule.
“A recent study from JLL predicts house price growth across Greater London at one per cent this year and 2.5 per cent next year, before it jumps to 4.5 per cent in 2022.”
Are you planning to invest in 2020?