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The Secret to Finding the Best Property Deals in Britain

The UK is one of the most popular markets for property investors, for understandable reasons. Property prices in the UK, particularly in prime areas, are relatively high; but similarly robust...

4 min read · 15 Jan 2023

The Secret to Finding the Best Property Deals in Britain

The UK is one of the most popular markets for property investors, for understandable reasons. Property prices in the UK, particularly in prime areas, are relatively high; but similarly robust demand and relatively low supply keeps them high. Add to this a range of tax incentives and other legal options open to savvy investors, and it’s all too easy to understand why so many international investors are flocking to this market.

But of course, traditional due diligence and market analysis is still key to succeeding in this field. No matter the size of one’s investment, it’s vital to identify the best property deals – and that’s what this article is all about. We’ll discuss a range of techniques and strategies for finding the right deals in today’s UK property market.

The first, and perhaps most obvious, way of finding the best deals is to scour the market yourself. Using a combination of local knowledge, research from industry databases, and cost comparison websites, it’s possible to gain a clear view of the current market. This can be a little tedious, but it could pay off big in the end.

Another way is to use a professional, such as an estate agent, to find the best property deals in Britain for you. They are experienced professionals and have access to plenty of exclusive offers, as well as statistical information about the market. This can often make a huge difference in the price you pay for a particular property. Established estate agents have been around for decades, so they have plenty of experience in the field and are equipped to negotiate the very best deals.

A third option is to use online search services, such as those provided by property data websites, to find the ideal property. These services give you access to a vast array of properties, and the results can be tailored to suit your particular investment goals. They often have several different search filters, and you can further refine the results with geographical or price-based criteria.

Property data websites are particularly useful because they also provide individual property data for each listing, including detailed financials and legal requirements. This will give you the most up-to-date information needed to make an informed decision.

Speaking of legal requirements, and of the market in general, it’s important to be aware of the rules and regulations of individual areas. The local council or planning authority has the authority to enforce these rules, and thus influence how attractive a property is for investment.

For example, a property in a zone designated for residential use will typically be more desirable from a property investor’s perspective than a building in the same neighbourhood marked for commercial usage. Knowing this kind of detail can be crucial in terms of making profitable deals.

When it comes to finances, you’ll also need to perform a thorough analysis of the various purchase options available. These options include owner finance, traditional mortgage, and shared equity.

Owner finance is most commonly utilised when purchasing property from individuals, as it can often be less time-consuming to secure with the right paperwork. Traditional mortgages are normally the most common choice, and are offered by most building societies, banks and credit unions. Shared equity is a great way to spread the risk of property investment between parties, and can also reduce upfront costs.

Finally, it’s important to be aware of the current trends in the UK property market. Knowing the market intimately can help you to identify opportunities for high returns in the future. Keep an eye on local press and industry reports, as well as news on price rises and falls. Additionally, it’s worth joining forums and groups on social media to gain insights into the current state of the market.

In conclusion then, there are a range of methods and strategies available to property investors who are seeking out the best deals in Britain. Utilising local knowledge, professional estate agents, property data websites, and market analysis, an investment plan can be created to maximise returns. Be sure to perform thorough due diligence, and be aware of all local rules and regulations. Additionally, take advantage of current trends to identify potential future investments. Follow these strategies, and you’ll be sure to identify some of the best property deals in Britain.