It’s not all doom and gloom.
“As a property investor, it can be easy to get caught up in the constant stream of negative news surrounding the real estate market. Headlines about declining house prices and a flat market can make it seem like the end is near for investors. But before you give up on your investment goals, it’s important to remember that the real estate market is cyclical.
While the market may be in a downturn at the moment, it’s important to remember that it won’t stay that way forever. In fact, many experts predict that the market will bottom out in 2023 and begin to level off, with rents on the rise. This means that even if house prices aren’t increasing as quickly as they once were, landlords will still be able to generate positive cash flow from their rental properties.
It’s also worth noting that even in a down market, there are still opportunities for savvy investors. For example, it’s a great time to be on the lookout for distressed properties that can be bought at a discount and held for long-term rental income.
In conclusion, don’t let negative press and a flat market discourage you as a property investor. Instead, stay focused on your long-term goals and take advantage of the opportunities that a down market presents.
The market will undoubtedly recover, and property investment can still be a sound choice. Many experts predict that property rental income will increase in 2023 and that means this is a good time to invest in rental property. With good market research and a solid strategy, you can ride out the current market cycle and come out on top in the long run.”
John Kenel
Assured Property