Typically, when inflation and interest rates fall, people are more willing to spend money on goods and services. They are also more likely to dip into the property market again. Mortgage rates will eventually become favourable and more affordable. This will send property prices upwards once again.
While prices may not have bottomed out just yet, 2023 could potentially be one of the last times to buy property at such a low value.
While mortgages are still expensive, the market is primed for cash buyers and those willing to take a chance on off-plan property investment.
This is where RWinvest can help.
We specialise in off-plan property investment. We have properties across the UK strategically placed in up-and-coming areas with serious capital growth potential. View some of our off plan properties for sale in 2023 for some inspiration.
When you invest in off-plan properties, you get a discount from the developer. As such, the property will be well below market value. However, once the property is ready for tenants, it will be worth so much more. In addition, off-plan properties will also have state-of-the-art facilities and attractive EPC energy efficiency ratings, appealing to a wider tenant base. Why not learn about some of the tax breaks for buy to let landlords with our handy guide.
With property prices still down, this may be one of the last chances to enjoy huge discounts on desirable luxury properties.
Intrigued? Contact RWinvest today for more information!