Property development in a recession isn't all doom and gloom. In fact there are several reasons why property development doesn't have to hault just because of a recession. This is our brief guide to why you can still make a mint.

1. The Recession and
Property Development
The silver lining in the cloud of
economic downturn
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2. The Recession and Property Development
The silver lining in the cloud of economic downturn
There seems to be general consent that the property
development in times of recession is not an advisable
investment choice for first time investors but what if the
recession is the best thing that could’ve ever happened to
aspiring property developers?
Recession benefits
Discount refurbishment
Consider this: In times of recession businesses find
themselves offering their services and products at huge
discounts to beat the competition and sell their services to
a decreasing number of people that can afford them.
So, if you are looking at buying a property, doing it up and
then reselling it, one gift the recession brings you is the fact
you will be able to purchase supplies as well as professional
services at huge discounts.

3. Buying below market value
The next and even bigger gift the recession comes bearing
is the fact that with the right research, you will be able to
buy properties at prices far below market value.
This is due to the high number of distressed property sales,
i.e. properties under foreclosure order due to the recession.
Property experts agree that profits are made at the buying
stage of a project, that is by buying at the lowest possible
price so as to maximise profit margins. The recession allows
for just this and auctions and ads by private sellers are a
great place for bargains.
Checklist
Before handing over any money, make sure you have done
your research:
Area and market
Research the area you are intending on buying in well, i.e.
how many properties similar to yours are currently for sale
in the area? How many properties similar to yours have
recently been sold? How many similar properties are
currently up for rent?

4. Legal issues
• Get the property independently valued
• Use a solicitor to check the lease/freehold on your
property, to check the land registry and planning status
• Get an estimate on the cost of required refurbishment
works
Get the benefits without the headache
If all this seems too daunting or time consuming, and time
consuming, consider contacting a professional property
development firm.
They tend to know every little detail about the areas they
develop in and generally have great networks consisting of
local estate agents, high street banks and solicitors.
Professional network benefits
Because of their strong ties with local agents professional
development firms tend to get discounts on property
purchases far below those available to individual
developers.

5. Finance
Furthermore with proven track records professional
development firms can assist in getting non-status finance.
Management
Many professional services include full management of the
entire process taking the headache out of the venture
whilst giving you all the benefits .

6. Contact the experts
If you have any questions about off plan property
investment, then you have come to the right place.
Ready2Invest have the expertise and knowledge to help
you to get your feet on the ladder of off plan property
success.
Talk to us
We enjoy talking to our clients about what we do – helping them
to understand the market, get involved and make a profit.
So please feel free to talk to us in any of the following ways:
Property Consultants
Call us on +44 (0) 1273 627900
Email us on talk@ready2invest.co.uk
Technical team
Email web-master@ready2invest.co.uk if you have any questions
relating to this website
Address
Ready2invest Ltd.
Olivier House,
18 Marine Parade,
Brighton,
BN2 1TL