UK property buyers should use websites to undertake their research prior to making a purchase, according to an industry expert.
Timothy Lambert, head of consulting at independent property investment consultancy Ducalian, said going online allows consumers to see house prices in certain areas, roads and boroughs.
In conducting extensive research, people may be able to protect themselves against falling into negative equity, he explained.
"Buyers must ensure they do their homework on properties and their surrounding area before committing to a deal," Mr Lambert commented.
Earlier this month, Property Hawk website editor Chris Horne advised would-be landlords that they need to do a lot of research before getting involved in the buy-to-let sector.
Knowing the rental demand of certain areas, as well as the going rate for actual rental prices, are two vital considerations if the project is going to be successful, he said.
Disclaimer
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
