Newsfeed
Archive
Buy to Let & Residential News
Bargain prices in the south, expert says
2009-01-16
House price falls in the south of England have provided opportunities for bargain property purchases, says online estate agent Primelocation.com.
Properties in the Home Counties have posted substantial falls in value, which is great news for potential buyers who are in a good financial position, said Mark Milner, chief executive of the firm.
Buy to let mortgage holders might be able to capitalise on the house price slump by making additions to their portfolios while prices are low.
Prime country houses fell by an average value of 16 per cent during 2008, according to figures published by UK estate agent Knight Frank this month.
Mr Milner commented: "This provides good news to potential buyers in a good financial position who can make the most of the current bargain opportunities."
He added that property prices in other areas across the country are providing opportunities for buyers, with Scotland witnessing the largest increase in affordability.
For a no obligation [buy to let mortgage quote] click here.
Related Buy to Let & Residential News
High rent charges 'should ring alarm bells'
Bargain prices in the south, expert says
Appliance servicing 'safe and cost effective'
Landlords could face 'struggling tenants'
Minister promises greater security for tenants
Click to view the News Archive
