In this brand new Property Education video, Simon Zutshi discusses the headlines about the Housing Market Shortage in the UK right now.
With the Housing Shortage Crisis currently being at the forefront of property related news, there are discussions about how we just don’t have enough accommodation in the UK, and how Labour plans to solve Britain’s Housing Crisis.
But what does all of this mean for your Property Investing?
For those who want to acquire investment property, it is an amazing time to invest in property, as long as you know what you are doing and follow the Simon Zutshi 5 Golden Rules of property investing from his book, Property Magic.
Greenfield vs Brownfield? Now that Labour Sets Target of 1.5m New Homes, there is potential for the planning process to be changed in order for more Greenfield sites to be more accessible to property developers. Yet there is still the issue of planning systems being clogged up. Another obstacle for Labour reaching their yearly target of 300,000 properties, is a supply issue of skilled labour and materials.
So should you Buy Property Now or Wait? With Property Prices Falling and Landlords Selling Up, there is a lot more flexibility when it comes to the price and terms of your investment property purchase. This means you could even utilise Creative Strategies such as Vendor Finance or Lease Options to secure your next investment property.
If you take note of Golden Rules Nos 2, 3 and 4 - when buying investment property for the Long Term, it doesn’t matter what happens in the short term to property prices, even if there is a Property Market Crash and neither do Conservatives vs Labour Housing Plans really matter. They both agree that we need 300,000 new properties each year. It will still remain a great time to invest.
Want to learn how you can make the most of the current property market? Join some live online property training with Simon Zutshi here.
Share this Post