Looking to buy a place, found one in Southgate , London. Purely investment-buy to let, would you buy a place now or do you think there will be a down turn in property prices?
Might be that prices stagnate whilst inflation continues, over 5 years that could be a 15% real terms fall?
Razor, long time no see, , the place i was looking at was in Southgate, which is a nice part of North London, as i am going to rent it out, the rent pretty much covers the mortgage, but even if the interest rates increased by a few % i would be able to cover the excess,
I am really sceptical as there are so many opposing views, but I am not looking to make a quick buck as I intend to live in the flat in the future,
so stuck in between a rock and a hard place here, not in a huges rush so i may just tread carefully and wait for a bargain
that is terrifying, what did you do ? did you sell out? or just ride the hard time through
I'm wondering if renting is my best option.