Apart from meeting housing requirements of society, residential property is also a type of investment, which is growing day by day. The property, which an individual looks for, can be divided into two categories, such as rental property and owner occupied property.
Residential property's use as an investment asset has grown rapidly. Direct investment is undertaken at all levels, ranging from large institutional investors to private individuals. Indirect investment vehicles include equity investments such as REITs and debt vehicles, such as residential mortgage backed securities.
To acquire residential properties, people mostly depend on property finance, especially mortgage provision. Many different professionals operate in and around the residential property sector supporting these main functions of occupation and investment. Planners, developers, agents, mortgage lenders, professional advisers (such as valuers and building surveyors), private and institutional investors and property managers are just some of the key professional figures that allow the property market to operate smoothly.
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