Across the board, property in Europe is likely to drop in value as the housing market slides and economies shake on a global level. Property in the US is likely to drop up to 25 per cent in value. In the UK, housing prices are likely to drop £11,000 by the end of the year. All of this opens the doors for investors to swoop in and claim more affordable property that will likely gain back value in the long term.
For those that are currently looking to upsize their property size or to become first time home buyers there has never been a better time simply because interest rates are falling and property prices are dropping. It is affordable to buy now.
Investors around Europe are taking notice, too. For example, in the UK, situations look good for current property owners looking to upgrade. They may lose money on selling their current property, but they stand to save much more in the upgrade.
European investors are also keen on US property. With a drastic drop in value, investors here are seeing buying power there soar. This may help new investors buy property in the US easier.
