Without a doubt, the global pandemic has significantly impacted our lives in many different ways. One thing that remains, even as lockdowns continue to lift and economies open up around the world, is the uncertainty surrounding jobs and finances. Naturally, for those considering property investment at this time, the burning question is whether now is a good time to invest in the property market. In this article, we take a look at the current state of the UK property market, where the best opportunities lie, and how to get started.
There’s a reason property is one of the most popular investment opportunities out there. Firstly, property investment is a fantastic opportunity for growing and future-proofing your income. Not to mention it’s super flexible – it can be undertaken as a side project or full-time gig and with countless strategies out there, you’re bound to find one that works for you. Also with record levels of population increase and a 63% surge in demand for a rental property in the UK over the last few years, the market continues to grow.
Is now a good time to invest?
While it’s easy to presume that now may not be the best time to invest in property, in light of the economic downturn, the same couldn’t be more false. In fact, according to a recent report by Which, the UK property market is currently enjoying a boom, with house prices rising by 10% year on year. Additionally, Savills has forecasted continuous market growth over the next 5 years totaling 21.1% – the first time in modern history that house prices have risen in a recession. Although some of the recent growth can be attributed to the temporary cut to stamp duty back in 2020, overall growth is not predicted to slow down anytime soon.
How to get started
So now we’ve established that now is indeed a good time to kickstart your property investment journey, you’re likely thinking about how to go about it. Luckily, our courses and mentorship programs are designed to provide the step-by-step training you need to effectively launch and grow your property portfolio. Whether you’re a newbie to property, have some basic knowledge, or are a guru looking for some additional support, our team is here to help you fast track your growth potential.
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