Property Investing

Hey everyone,

Hope you all had a great xmas! Now I don’t know about the rest of you, but I have always found Christmas to be a quiet period for property investment. We all seem to drop off the radar, but I’ve started to think that this is a big mistake.

I was browsing on BBC News the other day (I admit it I was trying to avoid having to cook Chirstmas dinner) and I came across an article about falling house prices. Now I know this is old news – we all know that property prices are fallings – but even I was surprised at the extent property prices are falling at.

Commercial properties down 50%
Residential properties predicted to fall a further 15% – bringing it down to an impressive 30%!

The Halifax have even predicted that some properties are falling in price by £1,000 per week! I know, incredible.

So here is the thing – why is the market so quiet? Looking at these figures, the bargains appear to be getting better and better, so in truth what can top your New Year off more than investing in properties at just 70% of the price?

Now I know one reason is because banks are supposedly getting set new targets to achieve in January, and so will be offering more mortgage options, but I can honestly not see the point in waiting.

Can someone help me with this one? Is there really any specific time when it is advisable to wait and not invest?

Anyways happy New year everyone!!

Wendyxx