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There's never been a better time to invest in property in this country. The last 2 months have been bumper months for those looking for a UK property investment. Fuelled by higher interest rates, lowering house prices, low prices at the auctions, nervousness in the market and a good steady demand for rented property - those willing to take the plunge could be richly rewarded.
Investors definitely have the ball in their court at the moment. It's not uncommon for builders to be offering discounts of 20 - 25%, and higher. The auctions are struggling with many properties not reaching their guide price, and on a regular basis only 25% - 35% of properties being sold, giving plenty of opportunity to pick up fantastic bargains after the auction.
But it's not just a UK property investment that could see you reaping are reaping the benefits. Spain has been another focus of property bargain hunters with many builders finding themselves in financial difficulty, many about to go into administration. On one block of executive apartments nestling on the marina in Sotogrande, one of the most exclusive parts of the Spanish coast, investors got a 45% discount off the current market value. By looking beyond the UK, you could effectively build up enough equity to truly broaden your property horizons.
Many investors are purchasing Spanish properties with the intention of taking out as much equity as possible on completion and re-investing their funds into either the Caribbean or India, another location that offers excellent returns. The Indian builders cannot build quick enough to supply the new found wealth of so many of the population. Properties are going up thick and fast and there are lists of waiting buyers. Needless to say, there is substantial profit to be made buying off plan in India.
If you're a little daunted about searching so far afield for the right investment, you need to find yourself a property finder who applies common sense and has the vision and connections to find exactly what you're looking for. What you need to remember is that property finders can be found everywhere - good and knowledgeable property finders need to be searched for and cherished when you get the one that's right for you.
In summary, anybody wanting to make serious money from property could not wish for better market conditions at the moment. While a UK property investment would no doubt be the main focus for most investors starting out; it's important that you don't ignore the fantastic opportunities offered elsewhere in the world. There's absolutely no doubt that selective overseas investment can reap fantastic rewards.
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