Monday, March 30, 2009
Discounted new build apartments stand at a bargain price for cash rich, professional landlords.
Landlords and property investors are securing multiple properties in new build apartment blocks at up to 45% below the top of the market prices.
These direct from the developer discount will dry up over the next six months as supply diminishes.
Some discounted properties are providing yields of up to 10.5 per cent on sensibly priced properties in the capital’s peripheral areas.
Unlike many previous fraudulently, marketed discounted new build property from previous years, read my post from back in 2006, investors can see these as a genuine sale opportunity.
However, in a falling market, reduced, might not be reduced enough.
"How low can they go?"
Read more here
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