Quote:
Originally Posted by TH4S
My experience the market has slowed a lot in most of the coastal area's,
İs it just me, but there seem's to be a lot of members asking the same question,They want to buy to rent out to cover there mortgage's,;?
If this was such a good idea.then why are they so many empty buidings/ surplus properties along the coast.?
Answers on a post card please,  |
Sorry TH4s, tried to get the answer on a postcard but not allowed yet.
We are also being asked similar questions, I can understand the reasons though, a marketing ploy from a few years ago was 'A good income from Rental' or 'Guaranteed Rentals' unfortunately the gullible believed these ploy,s.
A rental on any property is only as good as good marketing of the property and then usually nowhere near to the owners expectations.
It is my belief that reliance on an income from rental is the wrong way to go.
In my area despite an apparant surplus of properties the buoyancy in the market is starting to make a gradual return.
Prices seem to have bottomed out and hopefully a return is now on the cards
for purchasers to buy at reasonable rates.