Conditions perfect for property investors who are ready to buy, says expert

Conditions are now “as good as it gets” for property investment, with a compelling combination of factors now at play, according to Elite Realty Invest.

Jennifer Lawler, sales director at Elite, was responding to the latest Rightmove House Price Index data, published earlier this month.

She said: “June’s Rightmove data is about as good as it gets for investors. The biggest June price fall in fourteen years, stock at a historic high, and over a third of listings failing to sell. This is a buyer’s market and investors who recognise that now have a level of leverage that simply hasn’t been seen for some time.”

The Rightmove data showed that prices have fallen 0.6% to £ 376,191, the biggest June price drop in fourteen years in a month that normally sees a small price rise.

More choice and more room for negotiation

More price-sensitive buyers are also reducing competition and the benefits of this are multiple for investors who brave the market, she said. “For investors, that means more choice, more room to negotiate on price, and less competition. Sellers are feeling the pressure, and that works in buyers’ favour.”

The Rightmove data highlighted the North East and Scotland as the strongest-performing regions, with both holding up on price year-on-year and stock moving faster than almost anywhere else in the country.

In the North West, prices are up 0.7% year-on-year, with homes selling in just 57 days, marking a market that “continues to show real resilience and remains firmly on investors’ radar,” said Lawler.

“These locations offer solid ground for investors focused on yield and long-term growth.  With average mortgage rates now at 5.07% and stabilising, investors have enough confidence to commit. This is the kind of market that rewards those who are paying attention.”

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