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Equity Release Waiting for Property Investors
Equity Release Waiting for Property Investors
They say that every cloud has a silver lining and even in today’s difficult economic climate there are opportunities waiting for the investor. There is no doubt that the global slowdown has dramatically reduced returns from traditionally reliable investments such as stocks and shares, hedge funds and savings accounts. However, the current economic environment does offer some pockets of opportunities, particularly for those looking at property investment.
These can be found in emerging markets such as Eastern Europe (e.g. Romania) and Brazil where fledgling property markets offer the savvy investor the chance to buy at a fraction of the prices found in more established markets and achieve high capital gains. In developed property markets, the situation is very different and the world economic crisis has precipitated a dramatic decrease in prices. Examples here include the UK, the US and Spain where the price drops of between 20% and 40% have been experienced. While this is bad news for the homeowner hoping to sell a property, it is excellent news for the investor looking for an opportunistic buy.
“Many analysts claim that there has never been a better time to invest in property,” says James Gonzalez, Market Analyst at Obelisk Investment Property, “because of the combination of the poor return from other investment vehicles and the excellent opportunities in property created by the new economic situation.” According to James, property investment is at an optimum moment and now is the time to add a few carefully selected choices of overseas property to an investment portfolio.
However, one of the obstacles facing the investor at the moment is lack of funds. As a result of the unprecedented subprime crisis in the UK and US, many banks worldwide have significantly tightened their lending criteria and as a consequence, many investors are finding it difficult to obtain a mortgage or release of equity. Nevertheless, funds are available and Obelisk Private Finance is pleased to announce the availability of equity release for its clients with qualifying properties in several countries. These include France, Italy, Portugal, Spain and the UK.
“Now is certainly the time to make the most of the strong euro and low interest rates,” comments Barry Aldridge, Director of Obelisk Private Finance, “and use the value of your current property to release equity and take advantage of the excellent investment opportunities currently available.”
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