Sarah Beeny talks property investment in 2006
Sarah Beeny is arguably Britain’s best-loved property investment expert, having achieved much success with Channel 4 programs Property Ladder and Streets Ahead.
With the stock market out performing the housing market in 2005, one could argue that now isn’t the time to go into property investment if you’re looking for an easy income.
Yet, despite the cooling down of house, Sarah Beeny argues, "Any time is the right time to buy a home. You earn money so you can live somewhere you want to live. So I think that if it's a home, now is absolutely the right time. It's a long term investment, the market may dip a little bit, move a little bit up, but you're going to be there for 10 years."
Despite not being as attractive an investment market as it once was, property development still remains a reasonably sound and secure long-term investment.
“As long as you're not stretching yourself thin, you're not desperately struggling to do it, it's not a bad place to put a big lump of money.
"But most of the people investing at the moment are hocking themselves up to the eyeballs, and struggling to just about pay the interest on a buy-to-let, which just seems nuts to me, absolutely nuts.
"If you really love property, and buildings, lifestyles and how people live, that's a good reason for going into development.
"I think a lot of people were under the impression that property development was a way of becoming a millionaire in six months, while doing nothing, and I don’t think that's the case. And I'm not sure it ever has been, really."
Sarah can be seen on Property Ladder and Streets Ahead, both on Channel 4.
Date: 26.01.06
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