Property investment requires a long-term view

With the current uncertainty in the UK housing market, those looking to invest in property need to take a long-term view.

That is according to Brett Wood, managing director and owner of YourPropertyClub.com, who said that it was important to adopt this outlook when in investing in any market.

He went on to assert that, owing to the cycle of the property market, the downturn in property prices would soon reverse, seeing values "quickly come back up".

Mr Wood commented: "The fundamental thing now, if you're going to invest in property, is that you have to take a long-term view of it. That's not just in this market, that's in any market - you should always take a long-term view.

"Yes, prices may drop, but whatever you're buying now will be the lowest it will be for a while. It may drop down temporarily, but then it will have to quickly come back up."

The latest Halifax House Price Index revealed that the value of a typical property in the UK fell by 2.5 per cent in March.

Property Investment News posted on 16/04/2008 12:11:10