Recent press cuttings
12th May 2008Telegraph readers exploit BMV property
"Telegraph readers are keen to invest in Below Market Value (BMV) property" according to Anne Cuthbertson, Sunday Telegraph property editor.
Discussing the financial crisis and falling house prices with Nick Hopkinson, Director of Fruitful Property, Cuthbertson confirmed "our readers are actively looking for ways to exploit the credit crunch. Many of them have secure incomes and substantial cash to invest and will see the current market as an ideal time to buy property cheaply". Hopkinson agrees that "cash is king currently" and while some people are struggling with repossessions, personal debt and higher mortgage payments, it's currently a property buyer's market for the financially savvy.
The benefits of buying property off a distressed seller or bagging a repossessed property bargain are obvious: immediate buffer against any short term price falls and high yields delivering immediate cash flow. However, attending auctions and trying to negotiate with desperate vendors directly can be very time consuming and risky if you don't have previous experience agreed Cuthbertson. "Working with a specialist agent who has a successful track record and understands your needs makes a lot of sense for the kind of busy, successful people who read The Telegraph".
"Specialist investment advisors like Fruitful are well placed to negotiate exceptional discounts for our busy clients at the moment" explained Nick "our investors are buying houses and flats at 20+ percent BMV with high rent yields, often over 6 percent delivering immediate positive income currently. This opportunity was simply not around 3 months ago and will disappear as soon as the credit crunch eases, now is the time to buy."
Market fundamentals of chronic supply shortage and long term growing demand for residential property, particularly in London and South East England make this a very sound long term investment, provided you have cash for deposits and budget properly for the long term. Longer term, UK residential property has consistently outperformed most other investments and the fundamentals have not changed.
To find out about Fruitful's latest BMV properties call our offices for a no obligation chat on 020 7013 8282 (weekdays 9am to 6pm) or send an email to info@fruitfulproperty.com with your name and daytime contact number. "Most people will see 2008 as a missed buying opportunity when they look back!" say's Hopkinson "why not find out more?"