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Investment in property has proved to be a very
reliable investment.
Like any investment, you need to choose the right
property. Research your market carefully.
Property prices in the UK have risen to the
extent that the average age of a first time
buyer is 33. This means that people are
renting for longer periods prior to buying.
Demand for property appears
to exceed supply. The population of the UK
grew by 375,100 people in the year to
mid-2005 (0.6 per cent). This growth is
higher than in previous years. Increasing
population, immigration and smaller
households are contributing to the demand
for property.
As an investor you need to identify what you
want from this investment. Have you identified an area with strong short term potential
or are you looking for a long term investment, possibly as a form
of pension income.
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