The Property Podcast ASK471: What should I do with £30k? PLUS: Will house prices ever get cheaper?
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Apr 8, 2025 In this episode, the hosts tackle a burning question from a listener about investing £30,000 in a buy-to-let property. They weigh the pros and cons of popular hotspots like Derby and Manchester. The discussion shifts to whether current house prices will ever revert to historical norms, exploring the significance of house price to earnings ratios. They also analyze market trends, highlighting the resilience of house prices compared to rental costs and urging caution with financial data when making investment decisions.
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Invest or Save?
- Craig, with £30,000 savings, wonders whether to invest in a buy-to-let or save more.
- Robs advise either buying a cheaper property in Derby or saving for a better one if he can save quickly.
Buy the Best
- Aim for the best property you can afford in Derby, prioritizing good areas for long-term growth.
- Avoid buying the cheapest property and hoping for improvement, as this can hinder capital growth.
Saving vs. Time
- Assess your savings rate to determine if waiting to invest is worthwhile.
- Waiting a year for an extra £10,000 can significantly impact the property you can afford due to leverage.