Tag Archives: property
One of the greatest investments you can make is to buy land for sale around Point Cook, Victoria. While most people tend to purchase houses, buying vacant land is one of the best investments that are capable of providing you with steady cash flow.
The simplicity involved in buying land compared to other property types makes it a worthy and inexpensive investment. If you’re contemplating between purchasing a house and forking out cash on land for sale, then these tips might come in handy.
Land has a zero-depreciation rate, which makes it a stable investment. Unlike property, you don’t have to carry out renovations. If you buy a bigger lot at a lower price, you can subdivide and sell it at a profit. Land is the only long-term investment that has a certain return on investment.
While you may leave your land lying fallow and still make a profit at the end of the day, you can plant some crops for sale or home consumption. In an era where finding organically grown food is proving difficult, you can enjoy fresh produce directly from your garden. If your land is big enough, then you can decide to grow crops for sale.
Compared to other investments such as shares, you can determine the value of your land. With the value of shares, the control is in your stock broker’s hands as well as the stock market. However, with a piece of land, you’ll have the luxury of not only checking the market rates but also determining the price you think it’s worth.
Before you make an offer for purchasing land, make sure you carry out thorough research to avoid buying land that is overpriced, that is not resalable, or public property. The first step is to decide how much you’re willing to spend on buying land and finding a trustworthy realtor who can help you.
Just a decade after the Great Depression, the UK seems to be on the precipice of another economic crisis. Some signs of a possible downturn include the risks of Britain’s so-called shadow banking system. Another is the plummeting prices of homes in Greater London. A worrying trend that was last seen in the aftermath of the global financial crisis.
How did the most expensive place to buy a property in England end up becoming the worst-performing segment of the housing market?
Expensive Boroughs Cut Prices
The average price of a London home currently is £471,761 the lowest cost for a house in almost a decade. In fact, it was the only region where prices fell between July and September. House prices in even London’s most expensive boroughs, including Westminster, Hammersmith and Wandsworth, have already gone down.
A Slump in the High-End Central London Market
The top-end of the market was hit the hardest, though. Sub-prime properties, or those homes priced at around five million pounds, fell by 3.2% since 2016. Various factors are to blame for the trend: UKs decision to leave the European Union, higher property taxes and the Bank of England raising interest rates for the first time in ten years.
Because of the political and financial uncertainty, wealthy investors are choosing to opt out of big property investments for the time being.
Welcome News for Aspiring London Homeowners
The falling London home prices isn’t bad news for everyone, people who have been struggling to enter the capital’s housing market for several years welcome the development. Individuals hoping to move to the area may turn to specialists from theconveyancingnetwork.com, a company that offers reliable conveyancing services for sellers and investors.
After several years of unrelenting growth, house prices in London have fallen. While it could have negative consequences, it is a ray of hope for those seeking to get on the property ladder in the capital.