Now may be a good time to buy a house despite the ongoing credit crunch, it has been claimed.
The
Property Investor and
Homebuyer Show debate revealed the opinions of several
industry experts, with one claiming that buying a
house now may be a good move.
Alastair Dicken, managing director of ISIS, claimed that the market fundamentals in Britain are "actually still good".
Jonty Crossick, chief executive
officer of Ready2Invest, advised
househunters to be more aggressive in their buying tactics.
"Buy below market value, push the seller hard for a good deal and make sure that the rental income really stacks up for any unforeseen eventualities," he said.
"If that's ok then you'll be fine, if you don't stick to the fundamentals then you'll get burnt."
In addition, Glen Armstrong of G&A Property said that six months-worth of revenue should be in place for the purposes of a safety net.
The Land Registry recently reported that
house sales between September and December last year decreased to 90,880 per month compared to 117,301 for the same period in 2006.
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