Despite the said impending global economic slowdown and its possible effect in the real estate market this year, experts still see this year as a great time to invest in real estate.
There are many worries about real estate investment this 2016. However, there also other factors to consider aside from the alleged economic slowdown and the fluctuating market:
Real Estate Tips: Why 2016 Is The Best Year To Invest In A House
You may not be aware, but a number of factors are coming together to make 2016 a great time to make a wise purchase.
Real estate values are expected to slow their pace next year [2016]. According to Zillow's Chief Economist Svenja Gudell, prices are expected to make a 3.5 percent increase. This slowdown can lead to a flood of buyers. Realtor.com Chief Economist Jonathan Smoke is predicting that six million home sales will be made through the months of April to September. Read original text...
However, even though market seems to be promising this 2016. It does mean that you will automatically be successful. There are things that you need to know and thing that should be done before immersing into such dealings, especially for amateurs. In the following article of Carmela Torres, she shared some tips that would lead to a successful real estate investment this year, and thus avoiding if not minimizing risk in the process:
10 Real Estate Investment Tips for 2016
Give yourself a specific learning goal for the New Year. Read a new real estate book each month, or take a real estate investing course, or join a real estate investing association. Knowledge is power, so learn all you can about your investments.
Finding good deals takes time, especially if you are not yet an expert on the specific neighbourhood in question. Browse the MLS, walk the neighbourhood's that interest you and ask local experts questions to learn about potentially profitable real estate markets in your area. You can also work with a realtor that specializes in income properties. Spending time on research can keep you informed and ready for lucrative investment opportunities. See full post...
Now the emphasis of setting goals and research was really highlighted in the said article. And in order to help you start with your research, it is best consider some places where market is most undervalued, even in the global market setting. Kate Palmer in her report, outlined some possible investment overseas which could be a bargain:
Place in the sun? Where to invest in undervalued property in 2016
And whatever your views on the British housing market, the evidence suggests the biggest bargains are overseas.
New analysis points towards southern and Eastern Europe as offering the cheapest property - including popular holiday home markets of Italy, Portugal and Spain. Real full report...
