Hi All,
I met with a property adviser today and he said along the lines that I should be looking for areas with a roughly even owner occupied vs renting. His logic was that these areas tend to be betters supported in times or recession of bad economic times. In the good times, owner buyers will be looking to buy properties to live in, in not so good times, investors will come in to purchase hence supporting the price etc.
I was just wondering how accurate this statement is?
I met with a property adviser today and he said along the lines that I should be looking for areas with a roughly even owner occupied vs renting. His logic was that these areas tend to be betters supported in times or recession of bad economic times. In the good times, owner buyers will be looking to buy properties to live in, in not so good times, investors will come in to purchase hence supporting the price etc.
I was just wondering how accurate this statement is?