By Tony Booth
BMV is the hottest new buzzword in the investment arena and while many prospective purchasers talk about finding and buying one, how certain can they really be when many properties throughout the UK have prices that are either stagnating or reducing?
Identifying a genuine BMV is tricky, but not impossible.
Property Secrets has been suggesting for quite a while now that, generally speaking, investing in new-build in most parts of the UK at the present time is a dead-cert way of reducing your profit potential - and they are absolutely right!
While developers spin-up their publicity vehicles with headlines announcing properties for sale at 70 per cent and below of market value, the truth is most are still far too expensive in real terms and their margins are too narrow to bring properties down to genuine BMV levels.