Property investors read this

photo credit: anarchosyn

If you’re a property investor and are in a position to buy I recommend that you take a serious look at new homes for sale in the UK now. This is why:

It’s a crash but not a write-off

Estate Agencies within the UK are going bust at the rate of 150 per month from the beginning of the year, with a loss of 4000 jobs.

The loss isn’t so much due to the credit crunch as the availability of mortgages. There is no shortage of people wanting to move it’s just that they can’t get a mortgage, which means that the market is too slow for the agents as no money is coming in.

So now removal firms are feeling the pinch because less people need their services because not so many people are moving. DIY companies are getting squeezed because less people are moving and so aren’t fixing up houses.

Target new homes for sale

So what’s the good news? The good news is – if you’re holding folding, have a chat with your local property developer. Actually – scrub the local bit, just dig out developments that you like and go and have a chat with property developers. Unlike the property re-sellers they can’t really sit this one out.

Many developers are committed to completing developments and have to either sell them or rent them out. Any reasonable offer would have to be taken seriously.

Look at new homes for sale here.

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