We all have different wants and needs when buying property. For some a house is a home and for others a stream of income. Short term house prices fluctuate up and down; there is little you can do about that. However, if you want to increase your chances of being on the right side of the market, you need to look at the bigger picture. To do this you must understand property cycle theory. So what is a property cycle?
To understand the residential property cycle fully we will break it down into its 3 phases.
Please refer to this article by Kris from Freedom through Property, Understanding the Property Cycle Part 1.
My parting words today are simply;
Many successful investors say that timing is more important than any individual investment. Unless you are highly experienced, don’t go against the cycle. It is certainly possible to find investments that buck the trend, but believe me; it is extremely easy to get it wrong. Remember, this goes for any investment, not just property.
Don’t forget to join the conversation in the comments below.
About Daniel ThorleyDaniel set up Penthouse Marketing LTD to help, guide and encourage new online entrepreneurs in their internet ventures. He has successfully achieved this through his flagship service “Business from the Kitchen Table," which was a weekly e-letter (now, this blog) launched to share the experiences of a young entrepreneur and help remove the hurdles for new home businesses. Follow BFTKT on Twitter, Facebook or Google+.
