It’s been an interesting few months in the London housing market 🏠
However, this is the market I love, a true salesperson knows!
It’s only in these tougher conditions that the best agents quite clearly outshine the competition.
I’m having conversations, almost daily, with friends, clients, and other agents about how best to ‘play’ these current conditions. Should we be sitting it out? Renting? Riding the wave and attempting to cash in when the market turns and prices correct?
When it comes to predicting what will happen with the market, we can look at times in history when similar patterns have occurred.
Let’s consider the 2008 market. Or any other previous recessions in the UK. History tells us that those challenging conditions typically last 12-18 months. History also tells us that when the market pulls through again, we have a strong period of house price growth over a 5-7 year period 📈
Let me put that another way: Typically, a strong market lasts 5-7 years with annual house price growth year on year. Massively outweighing the percentage the market had fallen by.
Trading in a downward market is more financially beneficial vs trading in an upward one, just run your numbers and be content with the risk. What you’ll hear from investors time and time again is that the property market is a safe haven for growing wealth.
Not convinced? Take a look at any of these books:
The Book On Rental Property Investing
The Complete Guide To Property Investment
Opportunities will arise during this time, and for those who don't take action, there’s a chance you’ll miss the window.
Looking for your window of opportunity? Here are just some of our recent listings, ripe for investor buyers.
Give me a call if you’d like to discuss further.
Until next time,
Jamie