Wednesday 20 September 2023
Navigating the complexities of property investment can be overwhelming, but if you have a long-term perspective and plan your investments accordingly – it's far more manageable!
Have you overspent on a furniture pack? Or even overpaid for a property?
These are common mistakes made by property investors. Understandably, it is not ideal, but in 10 years, when you look back at the capital growth and rental income you've received, those minor expenses won't seem so significant.
Don't let short-term mistakes discourage you from achieving success in the future; after all, time is on your side when buying property.
In 10 years, you likely won't be strung up about paying slightly extra on a refurb when your property has increased in value due to capital growth.
According to the UK Gov, in October 2013, the average house price in the UK was £185,358. In October 2023, the UK average house price was £296,000, representing a massive increase of 59%!
Capital growth and inflation will likely erode most debt you may have accumulated in 10 years; time is on your side when investing in property. You'll still reap plenty of rewards from investing wisely when selling up.
With Savills forecasting 17% capital growth in the UK between 2024 and 2027, investing in property for the long term means you could benefit from significant capital growth when it comes to selling the property.
If you're looking to invest, we have a variety of fantastic investment opportunities in property hotspots throughout the UK. Click here to take a look at our current options.