Wednesday, May 30, 2007
Manchester - Flats v Houses... and a Comment on The Property Shows
I'm speaking at the Manchester GMEX on Saturday (twice) and on Sunday at the Property Investors Show. I'll be talking about why houses are better investments than flats and how to avoid the buy to let banana skins.
I love Manchester - the people are less stressed out than in London - but are always business like and keen to help. Plus, of course, they have the best music scene in the UK.
By strange coincidence I'm also doing some consultancy for some clients in the north west who have retained me to look at whether they should buy, sell or stick with their investments.
One thing that's quite apparent to me already is that the oversupply of "standard type" flats in Manchester is even worse than I thought. And I understand, its not as bad here as it is in Leeds. The problem is that people have been and will continue to be sucked in by property companies and syndicates with their illusory discounts, middle men and barmy rent guarantee offers.
It's nice that at the property show at GMEX, you will meet a sprinkling of real advisors who will tell you it "like it is" - people like Property Investor News, the guys from the landlords associations and myself.
Few of these would have advocated buying flats in the north within the last four years.
And few of these are ever invited to speak at most other property shows - which is not surprising really as most of the other shows are actually just platforms for developers.
If you want more landlord advice contact me David Lawrenson. I am an experienced landlord and the author of the UK's top selling buy to let book . I also run landlord seminars at my site www.lettingfocus.com. Uniquely in the UK I am not linked to any property company so my advice is honest and indepeendent.
Copyright: David Lawrenson 2007 www.lettingfocus.com
I love Manchester - the people are less stressed out than in London - but are always business like and keen to help. Plus, of course, they have the best music scene in the UK.
By strange coincidence I'm also doing some consultancy for some clients in the north west who have retained me to look at whether they should buy, sell or stick with their investments.
One thing that's quite apparent to me already is that the oversupply of "standard type" flats in Manchester is even worse than I thought. And I understand, its not as bad here as it is in Leeds. The problem is that people have been and will continue to be sucked in by property companies and syndicates with their illusory discounts, middle men and barmy rent guarantee offers.
It's nice that at the property show at GMEX, you will meet a sprinkling of real advisors who will tell you it "like it is" - people like Property Investor News, the guys from the landlords associations and myself.
Few of these would have advocated buying flats in the north within the last four years.
And few of these are ever invited to speak at most other property shows - which is not surprising really as most of the other shows are actually just platforms for developers.
If you want more landlord advice contact me David Lawrenson. I am an experienced landlord and the author of the UK's top selling buy to let book . I also run landlord seminars at my site www.lettingfocus.com. Uniquely in the UK I am not linked to any property company so my advice is honest and indepeendent.
Copyright: David Lawrenson 2007 www.lettingfocus.com
Labels: flats v houses, Manchester
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