Lowey & Co Estate Agents and Property Management Company have been serving the Isle of Man for 30 years.
January 2011
New Year 2011 - will bring in few changes for the Manx house or investment owners. With VAT @ 20% one would need to look at how effectively we spend our money on the properties we own. The banks along with building societies in 2011 are looking at every penny they lend. There has been shortsightedness by some lending institutions with regard to property investment.
The question to ask is whether your money is better served in property with monthly rent returns or on deposit with the bank.
The answer is long term investment in property. Inflation is the biggest threat to any money on deposit with such low interest rates. the fact is, that you can adjust your rents with inflation every six months or indeed annually.
If you wish to discuss your investment ideas - please email, write or indeed telephone the writer.
