Sanbanks Dorset estate agent announces plum for property investment
Tailor Made Letting Estate Agents
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With the property market at an all time low clever investors are now returning to buy in areas where traditionally gains will be greater in the years ahead when the market turns. This is the cash buyers harvest time and they are starting to flash the cash. Deals are being had in traditional high value areas such as Kensington London and the UK´S playground for the rich Sandbanks Dorset.
Last year there was very little in Sandbanks for under 500,000 sterling yet a year on and the starting price for many apartments within yards of the beautiful beach or harbour is 300,000 sterling.
Tailor Made estate agents the only agency by the beach has seen a run of European buyers spending their euros after all an apartment 18 months ago for 300,000 sterling would have cost a european buyer 450,000 euros. Yet now the same apartment is some 130,000 euros cheaper.
The downturn in property prices has also resulted in UK buyers taking advantage with several repossessions on Sandbanks selling at 30% or 40% lower than last year. Ken Price from Manchester had been to Sandbanks several times in the last 5 years. But the property he wanted was always 100,000 out of his grasp. Now Ken has bought his retirement home at the price he can finally afford and intends renting it out for 4 years when he will then retire to Sandbanks.
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