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I was doing my usual surfing on the internet seeing what the other experts were saying and they are pretty much saying that now is the time to buy. 

Liam Bailey, head of residential research at Knight Frank said:

"The winners in the property markets in 2009 will be those who can buy in the next six months. Those requiring significant finance will be unlikely to be quick enough on their feet. Vulture funds and cash-rich individuals will be the first to benefit."

I was also checking Rightmove to see how they are doing and how they see the future.  Rightmove's profit is up and the number of visitors are up based on the 2007 figures when property was at its peak.

So there is plenty of interest in property. 

With the recession heavily predicted (as reflected by yesterday's crash in the FTSE) I think we are goin g to get another 0.5% rate cut next month (which is only 20 days away - seems like a lifetime in current conditions!).

This will mean buy to let borrowing rates will drop to sub 5%.  So it is time to get looking for those deals.  With LTVs dropping (which doesn't help when trying to buy) monthly mortgage costs will shrink.  This means higher profits on buy to let properties.

Its those who buy now who will make the profits in the future. 

Article Courtesy of Ajay Ahuja