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Property People Belfast
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Property People Estate Agents Belfast
Property People Estate Agents Belfast

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http://www.propertypal.com/mill-valley-belfast/d1205

Come look at the Mill Valley Show House with Property People 
Mill Valley, Belfast
Mill Valley, Belfast
propertypal.com
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Happy Tenant, Happy Landlord!

Colin Moran, partner at Property People explains why landlords must keep on top of repairs.
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Don't look back in anger

Colin Moran, partner at Property People explains why this
Valentine’s we should reignite our love affair with property…

Back in the early and mid noughties the love affair with property in the North was at its peak.Everybody and their granny had an eye on the property market and were on the look out for a good investment. Many people were trying to cash in on the spiraling prices of an over-inflated market; attempting to make quick money by selling or ‘flipping’ the property and keeping the difference.

This, however, could not last and when the bubble burst, it went out with a bang and a lot of people were left with properties that they could not afford the mortgage repayments for. Dark
days followed, and the love affair with property was over for many.
Most people have had a dodgy relationship in one form or another throughout their time but in the words of the Gallagher brothers, “don’t look back in anger”. As we all know (especially in Northern Ireland) it’s important that we learn from our past. In particular, when investing in property we must look at the investment in the long term,
as there’s no such thing as a quick buck in this game.

So what investors should focus on is the rental yield of a property to ascertain how good a return on the investment is. Put simply, the rental yield of a property is the annual rental income of a property divided by the cost of the investment multiplied by 100. For example, if an investor buys a house in Belfast for £65,000, and rents the property for £500 per month he will make £6,000 per year.

Therefore the rental yield is 6000/ 65000 = 0.0092 x 100 = 9.2%.
It is my opinion that anything with an 8 percent and over rental yield is an excellent buy and - as a wise man once told me - it will certainly “wash it’s own face”.

The moral of this story is not to let past experiences put you off - there is still plenty of good money in bricks and mortar. With Valentines Day on the horizon, let me reignite the flames of passion with property.

Drop me an email at colin@propertypeoplebelfast.com with any
property related questions you may have and I’ll do my best to keep the love alive! 
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