The conditions are "ideal" for investing in the property market, it has been claimed.
A long-overdue price correction has established a buyers market, according to
property investment consultancy Ducalian.
The comments follow research by Preqin, published last month, which revealed that 36 per cent of capital raised in real estate private equity funds is for distressed property.
Timothy Lambert, sales and marketing manager at Ducalian, explained that UK property, such as in Yorkshire, remains one of the "safest long-term investment routes".
He said: "Now is a great time for professional investors, so long as they do their homework.
"The economic confidence that will ensue from this ... will see a return to rising values and consequently returns for investors and value-added for homeowners."
Average property prices stood at £147,746 in February 2009, falling by 1.8 per cent compared to the previous month, according to figures from Nationwide.
Prices have fallen by 17.6 per cent over the last 12 months, following prices that were deemed "disproportionately high compared with salaries", according to Mr Lambert.
See Also: Property News (0)
Date Published: 04 March 2009
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