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IS NOW THE RIGHT TIME TO BUY AN INVESTMENT PROPERTY?

YES…In my opinion now is a great time to buy Edinburgh property as an investment. There are fewer purchasers in the market yet a lot of property for sale. This situation has arisen for a number of reasons as we all know, but also the change of Government and ensuing spending review has made people extremely cautious about buying property because of concerns about jobs. Lenders whilst coming under increasing pressure to lend for reasons of their own profitability, for the time being are still only prepared to lend at low loan to value ratios. Accordingly, purchasers need to save up large deposits. If investors have a 30% to 40% deposit then funding is readily available which gives the opportunity to buy prime location property at or just under valuation whereas typically in a strong market Edinburgh property would sell for 20% above valuation. Each deal is unique particularly in this type of market and local knowledge is essential to negotiate the right price. My skill is to find the best opportunities that will let well and over a 10 year period will grow in value to give a good return at the exit of the investment.

If you are considering the purchase of an investment property in Edinburgh please contact me to discuss further.

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