[WEST WICKHAM, 20/07/2023] - The UK property market has taken a hit due to mortgage costs rising at their fastest pace in 12 years, resulting in house prices falling by 2.6% year-on-year and creating worry among real estate investors. Real estate investors are increasingly worried about the effects of rising mortgage costs on the UK property market. As mortgage costs continue to increase, property prices have dropped to an average of £285,932. This means that now is a challenging time to enter the real estate market in the UK.

But many existing investors are finding ways to cope with the changing market. Different strategies can allow investors to make money despite the challenging conditions. These include the following:

Investing in rental properties

As more people struggle with affording property, rental properties may be a good investment option for real estate investors. Renting out homes can provide a steady income stream, as the rental cost of a property is often less than what it would be to buy a house. Some investors are even finding that the rent they receive is higher than their mortgage payments.

Investing in refurbished properties

Refurbishing properties and selling them at a profit is another strategy some real estate investors use. This involves buying properties needing repairs, carrying out the necessary work, and then selling them at a higher price. This can provide investors with a quick return on their investment and the potential for long-term capital growth.

Working with real estate agents

Real estate agents can help investors find the best deals in the current market. Agents are familiar with local house prices and can provide valuable advice on which properties are likely to be profitable investments. They can also help investors find buyers or tenants quickly, allowing them to maximise their returns. Companies like Allen Heritage can provide vital assistance to investors.

Investing in student housing

Student housing offers reliable returns, as university students often need year-long rentals and tend to be more reliable tenants than other groups. Student properties can also provide investors with a steady income stream, as many universities require students to live in university-approved accommodation.

As real estate investors in the UK face rising mortgage costs and falling house prices, they must look for smart strategies to make a profit. Investment options such as rental properties, refurbished properties, working with real estate agents, and investing in student housing can help investors make the most of the current market conditions. With careful planning and research, investors can find ways to make money despite the challenging conditions.

About Allen Heritage

Allen Heritage is a leading real estate agency in the UK, with over 15 years of experience and expertise in the local area. Their team is highly knowledgeable and experienced, so you can trust them to find you the best deals and provide valuable advice. Since 1998, they’ve helped thousands of people buy, sell, and rent properties in the UK.

See more of their services at www.allenheritage.co.uk.