'Now's the time for property investments'

News Category: Management

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One of the most important property management considerations for a landlord is when to increase his or her portfolio.

According to the sales and marketing manager at property consultancy Ducalian, Timothy Lambert, now is as good a time as any to invest in bricks and mortar.

He said that the market is in the right state for some potential buyers, including would-be landlords.

Mr Lambert remarked: "We stand by our conviction that now is the time to buy for investments, first-time purchases and those trading up. If you are trading down, hold, hold, hold."

The expert also indicated that buyers are in a better negotiating position when house prices are on a downward trend, and he predicted there are still six to nine months of property value reductions.

Nationwide Building Society revealed that the cost of the average house in the UK has dropped 15 per cent over the last year.

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