Whether it be shares or property there are hundreds of investment strategies that can work in the right situation. Market timing would have to be one of the most discussed and least understood. When it comes to property timing is everything, well almost everything. Location is also critical but get your timing wrong and the results will differ considerably.
According to Richard Reed, co-author of academic research report Understanding Property Cycles in a Residential Market, there may be good reason for this. He paints a picture of a whole host of macro and micro economic variables spinning on consecutive and sometimes contradictory cycles and a residential property market plagued by poor information on which to judge them.
“At one point everyone thinks the market is going well but it could have stopped several months ago, so by the time the market information comes through the cycle has well and truly moved on,” Reed says, referring to the time lag for median house price data. “Neither is it across the board; while the market generally can be falling there are some pockets that may continue to rise,” he adds.
How to get accurate and up to date industry information is the key, unless you have the ability and time to do it all yourself and that means pretty much your full time job! its best to work with a trusted industry expert.
Who do I go to you might ask ? Well at risk of upsetting a lot of real estate agents, It’s not them.
Is it your bank manager or financial adviser, probably not. The key is specialist advice and finding that advice is often the hardest part to investing wisely. At NSG we have spent years putting together a team of experts who can provide that advice, our researchers have identified several property “hot spots” that offer fantastic opportunity for today. Why not contact us today to find out how we can help you with the right information.