english property bargains present investment opportunity
News Posted On: 23 April 2009
The English property market is offering an abundance of fantastic investment opportunities, according to an industry expert. Liam Bailey chief market analyst for property portal Property Abroad said:
"I just can't believe the price of the off-plan units we are advertising. It's like the world has turned upside down. A big strength of recommending markets like Albania and Montenegro last year was that properties could be for a fraction of what they would cost in the UK, but now you can buy an off-plan 1 bedroom apartment in the UK for less than a 1 bedroom off-plan apartment in Montenegro, in comparable locations. These off-plan properties will grow in value rapidly when they are completed and the market recovery begins."
Property Abroad have several cut-price off-plan developments in England. One of the biggest bargains is the ManYoo off-plan development in Salford Quays, offering 2 bedroom luxury apartments in a prime waterfront location just outside Manchester city centre from just £113,000. When the UK economic recovery begins, whenever that may be, chic 2 bedroom pads like this on the outskirts of a major city could be worth anything from twice to even three or four times that amount.
Liam Bailey said about the ManYoo development:
"This is an incredible bargain. If I had the money, which unfortunately I don't due to my growing family shrinking my bank balance, I would buy a 2 bedroom apartment in the ManYoo development myself."
Another bargain English property listed by Property Abroad is The Rise development, offering 23 high-end 2 bedroom apartments on the outskirts of York for just £144,950. The apartments are 2 bedroom 2 bathroom properties, many including en-suite and changing room facilities. According to the developer the apartments are being released at 15% below their market value.
Property Abroad is also listing 1 bedroom apartments in central Leicester for just £91,847. The 53 1 and 2 bedroom luxury apartments have fitted kitchens, wood-strip or carpeted floors, under-floor heating, video entry and secure allocated parking.
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