What happens if the property market goes into recession?
Nothing. Well, more than nothing… you as an investor will be investing like never before. Why? It’s simple. In the property market – when prices start falling most people start selling, and when people start selling, the bargains will come rolling. It’s an incredible opportunity. You see, even though everyone will want to sell, no one – except you – will be able to buy. And if no one can buy, you can tempt them with your insatiable bargains that they won’t be able to refuse. Incredible. And what about the rental market? Well, here is the best part. No matter the financial climate, there will always be a demand. Yes, it’s true. Following a recent survey it was discovered that 71% of the population would rather rent than have a mortgage. That is 41.18 million people! So if house prices do keep falling – it won’t make a difference to your rental income. If anything it will either stay the same or keep rising with the demand.
