In these times the housing market is seeming like quite an attractive one to invest in .. coz lowered prices will one day reap bigger and better fruit ..
Do you think its wise to invest in Buy to Let property market and take it as a side business? what are the risks involved ?
Re: Property business and its perils ..
Three months ago someone asked if real estate is safe to get in. I felt at the time the market had turned the corner. Robert Shiller yesterday mentioned with interest rates low, real estate looks attractive. He emphasized, not overly cheap, but fair value.
Of course they say real estate is local.
Re: Property business and its perils ..
My husband and I are into property business and so far we feel its quite a lucrative market ... It all really depends on how sharp an eye you got to spot a business opportunity .. its not just about picking up any property doing it and selling it ...
Interest rates may dictate the market to the bigger Real estate companies , but for juniors like us , its a brilliant way of making money ...
Re: Property business and its perils ..
My husband and I are into property business and so far we feel its quite a lucrative market ... It all really depends on how sharp an eye you got to spot a business opportunity .. its not just about picking up any property doing it and selling it ...
Interest rates may dictate the market to the bigger Real estate companies , but for juniors like us , its a brilliant way of making money ...
@CB
Developing Markets offer much better opportunities in real estate in the long term..
I am invested in real estate to the tune of about my 50% of the worth in Pakistan..
They say for real estate investment three things are important.. nazrar/Khabar/and sabar...
We have a huge interest cost in Pakistan.. that's what makes you invest with a lot of care. It would be better if you find some revenue on your real estate investment in Pakistan..
I am investing presently in Defense schemes although I have much more lucrative investment opportunities elsewhere because I have the local knowledge.. I would never recommend for expatriates..
We have one of the lowest real estate values in Pakistan.. and we have a huge management problem in Pakistan.. it will not remain like this for a long time.. so time to get in to avail excellent values to make money..
If you can take car of Nazar/Khabar/Sabar.. you can not go wrong if you take exposure today in real estate in Pakistan..
Re: Property business and its perils ..
Yazdi, thanks so much for the detailed response.. I havnt got much info on the property market in Pakistan … but I hear from Pakistani friends and relatives that its a growing market but risky as well .. from property management to property development … land mafia makes it even more difficult to deal with things and then lack of regulation etc .. I remember someone invested thousands of pounds in a society in the outskirts of Islamabad and found out later that the same plot had been sold to someone else too 
… plus there is alot of politics that involves the formula you mentioned .. one got to keep an eye on the happenings in the area before considering buying a property ..
In the UK its much easier .. property prices are well determined based on certain parameters and since we are individual investors not an enterprise .. we are not bothered about the general real estate politics .. for us handling the red tape and ensuring we spend only as much on a refurbishment of the property , carefully considering its market value and not over spending in that budget … so far so good … buy to let is extremely lucrative in the UK .. it requires alot of management though .. and we get particularly lucky if we dont get tenants from hell ..