I’ve just seen this really interesting article on the BBC News Website which reports a RICS (Royal Institution of Chartered Surveyors) survey suggesting property prices will continue to increase over the next year because of the contracting supply of properties for sale. I’m sure most of us understand that it’s a basic concept in economics…
If you don’t know the value in a deal then it’s unlikely you’ll make a profit. Paying too much for a property or alternatively selling it too cheaply will make or break a deal, and if you want to be successful you need to learn not to do either. So, let’s think about how to…
The best way to treat buy to let as a “business” is to plan for the long term. And, whilst it can sometimes be tempting to cash-in early and take your profit, you have to remember that the greatest benefits of property are obtained in the later years NOT the early years. To catch all…
Estate Agents (Part 9) Over the past few weeks we’ve been thinking about property strategies and lately, we’ve been looking at flips. Today, we are going to look at the last sub-strategy in this category which is flips to owner occupiers. If we’re going to flip to owner occupiers, then it’s likely…
Property Strategies (Part 8) We’ve been thinking about the principal property strategies that we can use in today’s market and this week we are going to think about one of the most exciting property strategies out there – developments. There are many different ways that we can approach a development and they can…
You might know I’m a big fan of Hometrack – they have an algorithm for property which is used by 80% of UK lenders. Please note that I’m not saying UK lenders use it for 80% of valuations but, when 80% of lenders need a desk-top valuation, for example, this is the algorithm they’ll…