The current financial situation has been enticing to home buyers. With low interest rates and rise in property investments, people are more likely to invest in the real estate sector than the others. But be advised – as property demand increase, people should be more wary of the long term effects.
The real estate sector has been experiencing a steady growth in the past few years. Property prices have increased to 5.1% from June 2012 to June 2013 because of high demand. It is also because of this price increase over demand that more and more people go into risky investments.
Assessing one’s future financial capacity is one way that these risks can be avoided, assuming that the interest rates and other fees will increase in the future. Getting financial advice on these matters will ensure the financial security of the buyer and the investment.
Read more about this on the Adviser website.