Property,
one of the greatest and most versatile ways of making money.
Gone are
the days when the property we owned was the same as the house where we
live; the roof over our heads. Property is now considered not just a tremendous
asset, but also a great way to make money. Indeed, many people have turned
to property as a means of earning their living or at least to provide
an additional or alternative pension.
The
table on the right shows UK house-price data from 1953 to 2006.
The 3rd column shows annual percentage price change. We all know
property increases in value, but it's not until we see the actual
figures that we can see the potential. For example, if you moved
house in 1986 and instead of buying just the house you moved into,
you bought an additional property of average value -- £37,000
-- you'd now be sitting on a nice little nest-egg of nearly £130,000.
Note, that period includes the years of the great property crash
of the early 1990s. Also consider that your 2nd property could have
provided an income too from rent. It really is like having your
cake and eating it. Of course, people with a bit of knowledge (or
very often luck) didn't stop there. They bought another property,
and another, and another. Remember that these figures are for average
house prices. If you'd bought in the upcoming areas and chosen the
right properties then the returns can be greatly increased. If you'd
also improved some of the properties too, well, now it's easy to
see why some of the wealthiest people have got that way through
property. Once you've got the formula, you can reuse it; each property
finances the next.
Obviously
it's not quite as simple as that, but we'll show you resources here
to help you make an informed journey up the property ladder.
Year
Value
%
1953
£
1,891
-
1954
£
1,872
-1.0
1955
£
1,937
3.5
1956
£
2,003
3.4
1957
£
2,021
0.9
1958
£
2,049
1.4
1959
£
2,105
2.7
1960
£
2,235
6.2
1961
£
2,440
9.2
1962
£
2,599
6.5
1963
£
2,822
8.6
1964
£
3,092
9.6
1965
£
3,344
8.1
1966
£
3,558
6.4
1967
£
3,698
3.9
1968
£
3,996
8.1
1969
£
4,201
5.1
1970
£
4,452
6.0
1971
£
4,908
10.3
1972
£
6,557
33.6
1973
£
8,832
34.7
1974
£
10,027
13.5
1975
£
10,728
7.0
1976
£
11,739
9.4
1977
£
12,689
8.1
1978
£
14,491
14.2
1979
£
19,075
31.6
1980
£
23,348
22.4
1981
£
24,098
3.2
1982
£
24,679
2.4
1983
£
27,386
11.0
1984
£
30,833
12.6
1985
£
34,174
10.8
1986
£
37,015
8.3
1987
£
42,987
16.1
1988
£
48,932
13.8
1989
£
62,244
27.2
1990
£
58,982
-5.2
1991
£
55,418
-6.0
1992
£
52,663
-5.0
1993
£
51,918
-1.4
1994
£
51,362
-1.1
1995
£
51,633
0.5
1996
£
53,032
2.7
1997
£
58,403
10.1
1998
£
65,221
11.7
1999
£
70,010
7.3
2000
£
81,202
16.0
2001
£
87,638
7.9
2002
£
103,501
18.1
2003
£
125,382
21.1
2004
£
148,462
18.4
2005
£
157,494
6.1
2006
£
165,035
4.8
But, like
all the great money-making methods, there are plenty of people out there
eager to take money from anyone who wants to get in on the act. It is
very easy to spend a small fortune on courses and seminars. What will
your money buy? In most cases no more than you can get for much cheaper
elsewhere, and sometimes a lot less.
We've done
it, we've made money on property — in a falling market — and
we can tell you how, so you can do the same. And what is more, it won't
cost you the earth. Email us here if you want to be the first to learn
the way we do it. Property
Finance
Finding the money to get started is often a big hurdle, especially if
you have an adverse credit rating. It need not stop you though, we can
help almost anyone find a suitable adverse
credit mortgage lender.
