gordano

You may think this headline is a bit controversial given the falling prices we are experiencing, but consider this: House prices have already fallen 15% to 20% from peak, some say another 10% or so to go before we hit bottom. Housebuilders have stopped building in many areas, only completing existing projects. Population continues to grow in the UK, by 2017 it will grow by over 4 million - data was published end of 2008. Government has embarked on quantitative easing (effectively printing money) to increase money supply. THE UPSHOT We are going to have a big shortage of homes in the UK 5 years from now There is going to be more money in the banking systems As soon as the mortgage taps are turned back on i am convinced we will see the price falls come to a halt, and as we come out of recession (maybe 1-2 years) we are going to see property prices rising fast again. Just my view, but interesting to hear others.

Personally I think there are good and bad on both sides. Key requirement is to ensure your deposit is placed into a deposit protection scheme and that you get an accurate and detailed inventory check when you move in. As to rental prices and decent rents being scarcer then Hen's teeth, I think it depends on where you are looking. You might also want to consider Rent to Buy, its a way of renting a house or flat with the right to buy it in 2-3 years time. Here is some more information on Rent to Buy .... http://www.simple2buy.co.uk/rent-to-buy-properties.html

I have just been offered a BTL investment property in Farnborough at 25% less than valuation (not new build) ... I have been thinking about going for it but it is a little far from where I live - North london. Anyone got views on property prices in the Farnborough area?

This seems unreasonable to me ... if you are offering alternative dates for viewings then the LA should accept, if they say no then provide them a letter in writing that you have not given permission. At least then you will have some recourse if there are any subsequent issues.