Prospect Property
Prospect property has been an established name in the property market having operated successfully for over a decade. We are a ‘one stop’ specialised marketplace for property purchase and sales transactions, for BELOW MARKET VALUE PROPERTIES ( BMV ) thereby giving full value for money and total satisfaction.
Our services are delivered by people who combine entrepreneurial skills with good knowledge of the property business with the highest standard of client care. With experience in the property market, we are here to help in your property dealings from start to finish whilst constantly embracing change to give you the edge.
We understand trust is a major factor in today’s world; it can only be earned by being consummately professional in everything we do.
UK Property Market
Home ownership for whatever purpose is paramount on every Individual wish list but this is becoming increasingly difficult due to a number of factors, example is the prevailing harsh economic situation, and the non-availability of credit for mortgages. Banks /mortgage lenders have had to resort to stringent requirements in order to provide mortgages, larger deposits are now required and the inability of householders to save for these deposits has led to an increase in demand for privately rented homes, in cities and towns across the country.
Investments in both private and commercial
properties have become the choice of investment all over the world. According to Forbes Millionaires are been created in the property sector than any other business investment sector all over the world. Rented housing market and house price growth.
It is estimated that rents in the UK will rise between 21% – 25% over the next five years leading to 2020 . This is fuelled by the current housing shortage being experienced throughout the country. Demand for properties is at its highest and supply at its lowest mainly due to migration and population growth. The effect is continued rent increase
Portfolio Creation
Investors who can build property portfolios to meet the needs of tenants will position themselves to take advantage of the predicted increase in rental income and increase in property value. The predicted forecast is that UK house prices will rise by 25.2% over the next five years in most areas of the UK but tends to be slightly lower in the North and Midlands.
This means that investors have the opportunity to acquire properties that meets their budgets and the needs of their prospective tenants. Long term tenants help secure the asset while the capital growth in the property continues to increases Some advantages of investing in property financial independence – through astute management of your investment properties leverage – using capital growth in your property portfolio to raise finance in the future property development – buy, refurbish and sell for profitResidual and retirement income – from net cash flow and capital growth legacy planning – for children and grandchildren finding of children’s education/ good start-up in life.Vacation/holiday homes for personal use and rental income.
Availability of below market value properties The challenges of living in the present times, and increasing financial commitment have made it increasingly difficult for homeowners to keep up with their mortgage payments a result banks/ lenders end up repossessing homes and disposing them off at low prices to balance their books. Investors who have access to funds have the opportunity to purchase these properties in towns and cities across the country.
