Wondering if it’s the right time to buy?
This is probably one of the most common and vexed questions for those considering investing in property. What if I buy and then the market goes down? Should I wait until this economic crisis is well and truly over? Should I wait until the market takes off so I can be confident prices won’t dump any time soon?
Ironically, from experience, and from what a lot of other long term investors tell us, it is time in the market, not timing the market that has the biggest bearing of success of a property investment portfolio will be. So to us the question of whether it is the right time to buy is a little redundant. Nobody knows exactly what the market will do or when. All we can do is construct a plan and get on with investing.
That said, what is interesting is that history tells us property markets follow a 7 – 10 year cycle. Contact us for our presentation on property cycles.
Published on Tuesday, September 28th, 2010, under Are you