property investors network Podcast

Property Market Update: What You Need to Know Right Now

property investors network Episode 112

The UK property market in October 2024 presents both challenges and opportunities for investors. Many long-time landlords are choosing to exit due to increasing regulations and economic uncertainty, creating chances for savvy investors to acquire properties through creative strategies like purchase lease options. 

The residential market remains strong, with properties selling quickly, but high interest rates make it harder for buyers to secure mortgages. While government incentives may help first-time buyers, the investor market remains slower than in previous years. 

However, good deals are still available for those who act quickly and decisively. Interest rates are stabilising, but fees on mortgage products are rising, making it crucial to work with an independent mortgage broker and avoid overpaying for properties. While traditional buy-to-let investments have become more challenging, high-yield strategies like HMOs and serviced accommodation continue to offer strong returns. Investors can also leverage creative finance options such as vendor finance and rent-to-rent to acquire properties with minimal upfront capital.

 Now is an excellent time to build relationships, connect with estate agents, and establish a strong power team in preparation for future deals. Instead of waiting for the perfect moment, those who take action now and invest in their knowledge will be best positioned to benefit from upcoming market opportunities.


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