Contributed post
The UK property market has usually been a very happy one. It’s forever been an excellent way to make money – either by flipping homes or using the buy-to-let technique. Prices were decent, demand was high, and it just seemed like a smart way to invest your cash and make money.
But, there’s currently so much political uncertainty that people are worried about how this will impact the property market. There’s all this talk about the pound falling and the economy entering a downward spiral, with no one really sure what the heck is going on.
All of this creates one big question; is UK property still the massive money maker that it used to be? Well, here are a few things that will still give you hope:
Certain areas are still doing very well
Even though we see things in the news about the UK economy suffering, this doesn’t mean everywhere is feeling the negative impact of what’s going on. Some areas of the country are still doing very well, particularly with regards to real estate. In Northern Ireland, you have the area around Belfast that’s a property investor heaven. You can pick up some ridiculously cheap houses to either rent out to a growing population, or flip for a profit. What’s more, London and other busy cities will always have great buy-to-let markets as more and more people are moving to these places. So, you can definitely still make money, it just might depend on where you’re investing.
Foreign investment is picking up again
Perhaps the most significant indication that the UK market is still ready for the taking is that foreign investors are returning. As of lately, it’s been found that more and more South Korean investors returns to UK market, which can only be a good thing. They still see it as a great way to make money, even amidst this political uncertainty. Generally speaking, when foreign investors are all backing away from the real estate market, that tells you things are pretty bad!
History shows things always get better
Even if the property market isn’t as good as it was five or so years ago, this doesn’t mean you can’t still make money. After all, you only have to look at history to see that things always tend to get better. A decade ago, there was the big financial crisis that rocked the world – particularly the UK property market. Things were very bleak, but they steadily improved over the ten years. Now, with Brexit and all these shenanigans threatening to cause an issue, it could just mean that you alter your investment style. Instead of going for buy-to-let properties, or ones to flip, you may try and snag a cheap one that you can hold onto for a few years. Wait for things to get even better, then sell it for a massive profit!
So, in short; yes, the UK property market is still a considerable money maker. It might not be in its strongest state, but you’d be silly to avoid it!