16 Apr

Long-term prospects 'should be considered'

Long-term prospects 'should be considered'

Property investors have been told that they should try and stay in the industry for the long term, as the market operates in cycles.

Managing director and owner of YourPropertyClub.com Brett Wood noted that while house prices are likely to dip in the short term, these should rise again in the future.

He suggested that if matters begin to "slow down" then interest rates will "blow up" and recharge the housing market and the economy as a whole.

And Mr Wood remarked that buy-to-let individuals are starting to flock back to the market, despite their reluctance to do so over recent times

"At the moment we are seeing a lot of experienced investors jumping back in and these are investors that have stayed out of the market for the last four years," he commented.

Last month, 78.5 per cent of the surveyors polled by the Royal Institution of Chartered Surveyors noted that there was a fall rather than rise in prices during March.ADNFCR-1222-ID-18554910-ADNFCR

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