Buy-to-let sector offers 'golden opportunities'
Conditions in the buy-to-let sector are ideally suited to savvy risk-takers who are looking to cash in on anxieties in the market, one commentator has suggested.
According to property data company Hometrack, 82 per cent of rented properties are owned by professional or semi-professional investors with portfolios containing ten or more homes.
LandlordExpert.co.uk quoted one such investor, Raj Khanna, as saying that by forging a relationship with his developer and building up his own reputation he has had little difficulty weathering the current downturn.
"A lot of my tenants have come to me on the basis of past recommendations," Mr Khanna noted. "Just as I've built a solid relationship with Crest Nicholson, it's been equally important for me to develop a relationship with my tenants, and the strength of positive word-of-mouth should not be underestimated."
He added: "There are always ups and downs in the property industry, and at the moment it is definitely a buyers market. I invest in property for the long term, and I'm currently just riding the wave."
buy-to-let investors with flats and houses to rent in London and across the UK currently own £120 billion worth of property, according to the Association of Residential Letting Agents.
Published 6th June, 2008
© 2008 Estates IT Limited
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Conditions in the buy-to-let sector are ideally suited to savvy risk-takers who are looking to cash in on anxieties in the market, one commentator has suggested.