Latest figures from the Halifax show that house prices dropped by £36 a day last month or 0.6% last month.The latest figures add weight to the fear that we could be in for a double dip in house prices.
To me this indicates that landlords should be looking for a cash cow when looking at property investment. These are properties with high yields and good long term letting income.
The days of rapidly rising house prices means that landlords buy trophy assets & focusing on capital appreciation will miss out in the next few years. The name of the game is locking in to low interest rates, cash & cashflow.
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