It’s a general truth about markets, and property markets in particular, that people usually buy at the wrong time.
It’s easier to feel confident when the market is in full flow, when homes are selling quickly and prices are rising.
But these factors themselves generally mean that available stock levels are low, competition from other buyers is high and so are prices.
So if you can step out of this cycle there’s a good chance you’ll get a bargain. Brexit continues to cast an uncertain shadow but this may be the best time since the financial crisis of 2008 to secure a new build property in London. Underlying factors are positive: interest rates are at all time lows, employment looks stable and for the right investors mortgage finance is readily available.
Our investment team is working directly with developers across London on many strictly “off-market” deals. If you can move quickly in terms of available finance, please contact us now to register your interest by emailing firstname.lastname@example.org or calling 020 7378 0644.
By Jaimie Beers
Jaimie Beers is managing director of Madley Property.