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Buying a property is for most people, likely to be on of the largest financial commitment they will ever make. Until recently the idea of buying a property went hand in hand with buying a home to live in, but now there are many exciting opportunities that are available to create wealth from owning property. You can buy property to let, which offers the prospect of a both regular income and the benefits of future capital growth. As a private Landlord your income will depend on many factors such as how much capital you have available, how much you can borrow, the rental income and other costs associated with property purchasing and rentals. History has also shown us the value of UK properties doubles every 10 to 12 years. (Source: Office of the Deputy Prime Minister.) The market is underpinned by demand because new property development is insufficient to keep pace with ever increasing housing demand. Government figures suggest that 250,000 new homes are required every year. However, the reality is that only 150,000 new homes are actually built. The government has also predicted that twice as many homes will be required in the UK by 2016. Therefore it will be the private rental sector that will have to provide sufficient homes to accommodate the demand. Although there are many risks involved with buying property to let, as well as the time it takes to research areas and negotiate with builders etc, with the assistance and experience of PACE you can invest in property and build a portfolio with very little effort on your part.
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