As readers of previous blogs will know, I am a great advocate of property investment. Results of a recent National Association of Estate Agents survey has shown that property ownership in the UK has dropped to 58% with the remaining 42% made up of rental properties. The 42% is divided between social housing and private landlords with the private landlord split showing considerable growth and now exceeding the social housing percentage. With more lenders re-entering the buy to let mortgage market and no real sign of easing up for first time buyers, I think this could be the right time for people who are wishing to invest in property. I have already noticed an increase in the large institutional investors and my feeling is that there is certainly a window of opportunity in 2011. I think Dundee is particularly well suited for property investors given its relatively low entrance prices, high number of students, and also strong rental tendencies of the local population. With this in mind I am hosting a property investment seminar on Thursday 23 June, 12 – 2.30 pm. This will include an overview of the property investment market and advice from experts on property management and mortgages with access to some exclusive buy to let products. Afterwards there will be a chance to chat over a coffee and a sandwich. As numbers are limited I would be grateful if you could contact my colleague Lesley Rorrison on Tel. 01382 229222 or by e-mail at firstname.lastname@example.org to register your place. I look forward to seeing you on the day.
Head of Property Services