Why invest in property at all?
If you have never previously invested in property, you may be on this website seeking information about how worthwhile it could actually be to invest in property at all. Even if you have friends with ongoing investment property projects, you might still struggle to see the tangible benefits. Well, we're about to enlighten you - here are several compelling reasons to invest in property.
The unique and promising state of the UK property market
The most recent UK census of 2011 revealed that the national population had grown by 7% over the previous ten years. The population is now, as revealed by the Office for National Statistics in June, just over 64.5 million - and is likely to only continue growing in the foreseeable future. In fact, it has been predicted that, over the next two decades, the number of UK households will annually increase by 250,000 - and, during the same period, single person households will rise in number by 3.2 million.
Therefore, there will only be more and more demand for property as the years go by - and buy to let investment is especially promising at the moment. Demand for rented accommodation is now twice as high as it was in 2002, so you can get good returns by investing right now. Plus, you could build further and further upon those returns over a lengthy period of time - making property investment a fantastic long term project.
A long journey
It is worth re-emphasising that investing in property is indeed a long term project; the health of a property market can go up as well as down, so you need to prepare for lots of twists and turns in your investment journey. However, as an owner of investment property, you will be in a hugely enviable position once the market recovers and you see a lot more money coming in, while everyone else only just spots the opportunity and is rushing simply to get started with property investment.
All of the above applies, of course, not just to investment projects in this country, but also abroad. However, spending money on a property abroad will require a little more experience and risk, of which you can offset by speaking with experts who can help you decide which particular opportunities could be best for you, and which strategies you could follow to effectively exploit those opportunities.
