Question
When to buy property?
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17th Nov 2009 by Gary
There is no right answer to when to buy property, as just like the stock market, it is impossible to time the best times. The truth is the best time to buy property is when you want or need it, depending on the current economic circumstances. In an economic downturn you can get great prices, but you may also struggle because people are spending less money, while at the same time, in strong economic times, prices can rise, but people are spending more money and so could afford to buy products and services which would pay for your costs of buying a property. If you're solely buying a property for the purpose of investment, you either buy low and sell high, or buy and hold, allowing the property to appreciate in value while your tenants pay for it.
There is no right answer to when to buy property, as just like the stock market, it is impossible to time the best times. The truth is the best time to buy property is when you want or need it, depending on the current economic circumstances. In an economic downturn you can get great prices, but you may also struggle because people are spending less money, while at the same time, in strong economic times, prices can rise, but people are spending more money and so could afford to buy products and services which would pay for your costs of buying a property. If you're solely buying a property for the purpose of investment, you either buy low and sell high, or buy and hold, allowing the property to appreciate in value while your tenants pay for it.
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12th Nov 2009 In Real Estate
1 Answers | 36 Views
Subjects: property,