Looking to buy investment property in York? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in York, the types of deals available and the likely returns. Remember, buying property in York has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.
Property Investors in York have received a lot of Government and economic support. Much of this support has come indirectly in the form of the lowest interest rates in history. This has been bad news for savers, but of course good news for those buying investment property in York using mortgages.
Buying investment property in York with cash outright is also a sure fire hedge against any rise in interest rates. Some investors look to buy properties in need of renovation or a change of purpose. They then renovate those properties and rent them out on a long term or short terms basis.
Once these properties have been renovated and rented then investors in York may refinance the property by taking a mortgage over the property at a higher value, using the income to pay the mortgage and reinvesting the profit from the deal into more property in York or elsewhere.