The brick and mortar business, like trading in gold, has never been one to let down. Since time immemorial gold and shelter have been highly sought after as sources of investment with intrinsic value. In today’s volatile global market putting your money into property is one of the best ways to ensure a safe return in time to come. A bit of insight and advice from those already involved in the trade can help one make the right decision when deciding where and when to invest it.
The Craze To Buy And Why
The City of London like most major capital cities has had its fair share of housing shortage. Being a major western capital city London is more often than not a first choice of work and investment for millions of people. The city has a population of 8 million. There are plenty of homes, but not enough to go around. There huge development projects going up across the city in order to meet the demand for housing. This was not always the case in the past. Although it’s fair to say that there are more people living in the city today than there were in the past still there are new housing projects going up all the time. So why is there such a shortage? The simple truth lies in the fact that the city and its property have become a source of secure investment for 1000s of people from across the globe.
The United Kingdom is a major world power that also happens to be an economic powerhouse. Since the USD is no longer seen as a source of secure investment due to its volatility. Many investment firms and advisors have instead decided to turn to property as an investment with value continues to climb year after year. The majority of the investors are buying up property as money in the bank, rather than buying to rent as a business. They simply have cash that left unused would continue to lose in worth as time goes by. Whilst this may not be ethical, it makes business sense. For your average citizen buying to rent would be a good method of making money, and not only that it’s a good source of saved up money and security that will stand the test of time.
Leaving it in a savings
Money left unused will continue to depreciate and lose value. Leaving it in a savings account will get you a little fee, but not enough when compared with what investing in the right source could. Property is a proven investment that has been so for generations. It is:
- A secure source of Investment
- A source of regular income when put to rent
- Has intrinsic value
- Can be sold for a profit
As with anything you are new to, it is always important to seek financial advice and start off with a low risk investment at first. This will help free up some of the money just in case you decide to move it elsewhere. Read more