Discounted new property

As a result of the credit crunch, we have been asked to help liquidate overstocks of brand new property on behalf of several major nationwide builders. Whilst falling prices are a bad thing for anyone who bought at the top, the credit squeeze has created some fantastic opportunities for buyers who can raise a deposit from their own funds.

From an investment point of view, new property has always been an attractive option because of its low maintenance, ten year guarantee and rental return. Until the credit crunch the downside was that new property had become too expensive.

Now, many builders have been forced to raise cash fast and as a result of our collective bargaining power we have been able to negotiate exceptional discounts on behalf of our clients. As an example, new one bed apartments which were previously for sale at over £120,000 are now available from £75,000.

This attractive situation for property investors will not last long; already we have seen bulk purchases by housing associations and sovereign wealth funds. The stock is limited and as there are virtually no new building projects in the pipeline, once these units have been snapped up there will be nothing to replace them.

For more information about these properties and our property investment services please complete the enquiry form or call the team on 01342 840000.