Roy's Blog
The Director of Mortgage Beaters, Roy Bookman, knows what's going on in the ever-changing world of mortgages. So what's new, Roy?
“It’s a time of opportunity.”
Friday, 15 February 2008
Yes, he said people there are just as concerned about the economy, but they are getting on with their lives and going about their business as usual.
Many of our customers outside of London are in fact doing just that. They recognise that there are opportunities out there and that the key to success is often to invest when markets are in a turbulent state.
According to wealth manager Courtiers “it is important to keep an eye on fundamentals when markets are volatile” and the fundamentals as far as UK residential property is concerned are inescapable. Demand outstrips supply. We build too few houses and estate agents rarely have enough properties to sell.
Moreover, if you are looking for a solid investment in these troubled times nothing beats residential property- a fact highlighted today by the Dutch Bank ABN Amro.
Unlike most research which is often carried out by those with a particular axe to grind, this is quite revealing. Over the past decade the bank found that the best returns were provided by property. Equities came way down the list.
So if you want more bang for your bucks, always provided you can afford it of course, now’s the time to take the plunge.
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