DAA Residential comments in the London Property Magazine January 2012 – Is now the right time to invest in property?
Already, we are seeing the ‘smart money’ transition from the continuing volatile equities markets to the more stable housing sector. This fundamental shift into a less risky and volatile asset class is underpinned by the strong prospects for rental growth in the near term, low interest rates (you can find 2 year fixed rates at 3 to 3.5% for mainstream mortgages), and a growing consensus that reasonable capital growth is on the cards this year albeit only for certain areas.
Astute investors are increasingly recognising that selected investment properties offer a long term prospect of steadily rising capital values coupled with higher rental yields and attractive tax off-sets especially for higher rate tax payers.
Not surprisingly therefore, investors are once again investing in bricks and mortar as their preferred asset class for wealth preservation and growth.
Buoyed by this steadily increasing buyer interest and investors’ search for yield and a secure asset class, our confidence in the Wapping and Docklands property market remains undiminished and we are encouraged that the New Year selling season will be a strong one.
Of course, expert advice is just a phone call away with DAA Residential’s team of highly experienced and professional sales and lettings consultants always on hand and ready to assist.
David Martin
Head of Sales, DAA Residential
