Where To Buy Investment Property in The UK

Where To Buy Investment Property in The UK
The question that puzzles many would be buy-to-let
investors is where to buy investment property in the UK?
There are many novice property investors currently being
taken in by the tales of the past glories of successful
investors. They are living under the assumption that just
by imitating how someone became a property millionaire in
the nineties; they can achieve the same level of success
today.

There is no disputing the wealth of some of these property
tycoons that started their empire years ago. Bright eyed
investors watch TV shows and see the kind of houses these
people live in and the sorts of cars they drive and then
jump headlong into imitating their strategy, without really
understanding that the property market is very different
now to what it was then.

Fifteen years ago you could have bought property in many
parts of the UK and the rent you received would comfortably
cover your mortgage. These days we don't have such a luxury
and every investment decision needs to be taken carefully
and prudently adding up all the figures to make sure that
you are not going to be out of pocket.

This is the problem with just blindly copying a strategy
that was very successful in the past. The TV shows are not
realistic. Yes, there is no doubt that these wealthy
individuals have made an absolute fortune years ago, but
that does not mean that if these same individuals started
today from scratch with exactly the same strategy, that
they would end up making the same amount of money again.

For example, many investors made their fortune in the
nineties through buying off plan properties. At the time
they made the majority of their money it was simply a case
of putting down a deposit and sitting back and when the
time came for completion 12-24 months later you could
virtually guarantee a very healthy profit.

This is simply not the case today. Off plan properties
have become over saturated, with some developers now
building not with the owner occupier in mind, but with the
property investor in mind instead. Apartment blocks are
coming to completion and are being valued at less than what
investors paid for it at the off plan stage.

Many novice and some seasoned investors are being crippled
financially because of bad decisions and because they are
trying to make money using the same strategies people used
years ago. They fail to grasp that a major key with making
money from property is knowing your market. Knowing whether
it is the right time to buy off plans or to buy established
properties, knowing whether the market is right for you to
sell your properties or whether you should be renting them
out.

The shrewd investors of today know how to give the property
market and its current condition due consideration and
respect. They have to be excellent researches and
negotiators. In today's property market the question
should perhaps no longer be - where to buy property? As on
paper hardly any areas in the UK make financial sense to
buy to let in. The question should rather be, how much
below market value can I buy property in any location, so
that the figures add up and it becomes financially viable?

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Carlton Johnson is an entrepreneur, property investor and
author who specialises in helping others to reach their
financial and personal goals through property investing and
Internet marketing. For more information on property
investing and developing in the UK you can visit his
website at:
http://www.UKPropertysuccess.com