4 Mar

Distressed property 'a good investment'

Distressed property 'a good investment'

Distressed property is currently a good option for investors looking for bargains, an expert has stated.

Sales and marketing manager at real estate investment consultancy Ducalian Timothy Lambert said the current prices for such homes are "very low" as many sellers cannot see better times ahead or need to sell.

He added that current yields are healthy, making this a good time for buy-to-let investors to be in this market.

Mr Lambert concluded that at present alternative investments such as the stock market or savings are being viewed as risky or volatile and suggested this made property a better bet.

He remarked: "In periods of potential deflation, with property yields now often breaking the ten per cent barrier, even without a recovery of capital growth, property still represents good value."

White Hot Property reported this month that an increasing number of distressed sale homes are meeting their sale prices, with 94 per cent doing so in February in comparison with 91 per cent in October.

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