10
Mar
Property market "ideal" for investment now
Now is just the right time for people to get involved in property
investment, an expert has argued.
Sales and marketing manager at property investment consultancy
Ducalian Timothy Lambert advised that purchasers should not wait
for the market to show signs of hitting the bottom, as this would
mean that the lowest point had already passed.
He added: "With low prices and interest rates at an all-time low,
now is the best time to buy since the last property crash in the
early 1990s."
Mr Lambert said a fall in mortgage defaults will mark the beginning
of the upturn, predicting that this will not happen in the next
quarter "at least".
UK house prices have continued to fall in recent months, with
Halifax figures showing a 2.3 per cent drop in February and
Nationwide calculating a 1.8 per cent drop for last month.
