by Rachel Crook
Those investing in property have been advised to do so now rather than waiting for the market to bottom out.
Sales and marketing manager at property consultancy Ducalian Timothy Lambert said that for those who can get credit, the current market offers the best prospect "since the early 1990s".
He argued that although prices are likely to continue falling for six to nine months, the fact that prices are currently dropping means it is easier to buy now than when they start to rise again after the market bottoms out.
Mr Lambert concluded: "We stand by our conviction that now is the time to buy for investments, first-time purchases and those trading up."
More people appear to be buying property, according to fresh data from the Council of Mortgage Lenders.
This showed that the number of homes loans agreed in March was 29 per cent more than in February.
Published on: May 18, 2009