by Property Banker: Property Investment
With the world’s economy in recession, where is the best place to invest our hard earned cash?

Should we be risking our hard earned money on the stock market? Share prices have plummeted in recent months and savings accounts have next to no interest so where is the best place to invest.

Some say that property is the safest investment to make. Even though the housing market is in decline at the moment this will certainly not last forever. But the question is if you buy now will you get a bargain or will the price fall even further?

If you are interested in property investment buy to let is a great way to curb your bets. It can be a solid investment if you have tenants that are able to cover the remortgage payments. Flipping a property by buying a rundown property, developing it and benefiting from a rising market is no longer possible; so buy to let looks like the only way to profit from property at the moment.

To invest in a buy to let property you do need a deposit and you should look to purchase in an area that will allow you to quickly rent the property out. Buying a student property in May could mean that it is empty until September. This might be good if you need to do some work on the property.

Another reason that points to buy to let being the best investment is people will always need somewhere to live. First time buyers are a) unable to get a mortgage or b) waiting for prices to fall further which is causing a rise in the rental market.

There is also another thing causing a rise in the rental market which is also a by product of the recession and that is a rise in repossessions. Hard times are among us and the rate of repossessions is on the up.

This is actually a benefit for property investors as there is a large amount of repossession property on the market which is cheaper as the banks want to sell this property as quickly as possible. Also with repossessions on the rise there are a lot of sell and rent back schemes helping people out of financial difficulty so plenty of opportunity there for investors to pick up a below market value property.

Visit Property Banker for sound property investment advice.

Article Source: Where is the best place to invest?