“When do I get into the property market?”
One of the most important principle to remember when investing in property, is to take a long term view of at least 5 years.
When to buy is far less important than actually buying, a common situation where investors procrastinate for the market to fall in order to find a bargain. During a soft market, some investors are inclined to wait for prices to fall further and when prices start to rise, they think that they should have bought earlier, all the time missing opportunities to enter the market.
History shows that property prices have doubled on average every 7 to 10 years over the last 50 years. Taking this past trend into account and the impossible task of knowing when prices are at their lowest point, it is best to say that “Now is the right time to buy”.
Additional resources to assist you in acquiring property:
Buy Your First Property in 10 Days
