5 Oct

There are indications that 'the property market is stabilising'

There are indications that 'the property market is stabilising'

Team Association customers might be interested to learn that one property expert has claimed there are various indications that the housing market is stabilising,

Keshav Thukaram, managing director of buy-to-let landlord website Smartlandlord.co.uk, said that a rise in buyer inquiries, increased confidence and a higher number of mortgage approvals suggests that the recent volatility the market has experienced is coming to an end.

His comments follow the publication of the Nationwide Index, which revealed that house prices are now at the same level as in September 2008.

"Investors should be looking to buy property while it is cheap to maximise future yields," advised Mr Thukaram.

He explained that many professional landlords had been waiting for such a downturn in order to start investing in property, much as they did the last time the market bottomed out.

However, the UK is still far from recovery and has not yet seen the full effects of the present unemployment levels, he continued.
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