House Prices Going Down

property investors network Podcast

In today's podcast, Mark discusses the predictions for house prices in the year 2024.
Experts suggest that house prices have decreased by 8%. Consequently, banks are now offering more options for mortgages such as 100% mortgages for residential properties. If these mortgages become established, it will be difficult for house prices to go up.
Mark mentioned that investing in the property market when it is down can result in the best returns. Evidence suggests that people who invested in the market when it was down are now big in property. Therefore, there should not be any fear in the market, and people should not delay investing in property. This is a golden opportunity to invest, and once it is gone, it may not come back for a while.
Although the predictions for 2024 suggest a slight decline in the housing market, Mark believes that it is the best time for any savvy investor. However, it is essential to weigh the risks as each property is different.

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