Why Distressed Properties Could Be Your Best Bet
Alan explains the background to changes in the economy and in buying and working habits affecting the property market, with many companies struggling in the residential and hospitality sectors, as well as retail.
The expected purchase of many distressed commercial properties did not take place in 2021/2022, because of economics and the onset of recession and higher interest rates.
The situation was also challenging in 2023, so now in the latter half of 2024 is the right time for buyers to take advantage of lower asset prices in real terms. Even though asset prices are lower and interest rates are higher, to buy at the bottom of the market appears to be a smart move.
If you would like to discuss any aspects of buying distressed properties at Below Market Value, refurbushing and use of Permitted Development Rights to increase value and achieve a a change of use where appropriate then refinance to get all or most of your money out, then do not hesitate to Call Alan on 07539141257 or 03332241257, or +447539141257 or +443332241257, you can schedule a call with Alan on https://calendly .com/alanje or drop an email to [email protected].
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