10 Mar

Property market "ideal" for investment now

Property market "ideal" for investment now

Now is just the right time for people to get involved in property investment, an expert has argued.

Sales and marketing manager at property investment consultancy Ducalian Timothy Lambert advised that purchasers should not wait for the market to show signs of hitting the bottom, as this would mean that the lowest point had already passed.

He added: "With low prices and interest rates at an all-time low, now is the best time to buy since the last property crash in the early 1990s."

Mr Lambert said a fall in mortgage defaults will mark the beginning of the upturn, predicting that this will not happen in the next quarter "at least".

UK house prices have continued to fall in recent months, with Halifax figures showing a 2.3 per cent drop in February and Nationwide calculating a 1.8 per cent drop for last month.

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