Buy-to-let 'still an attractive investment'
Landlords have been told that the buy-to-let market remains an attractive investment, as long as they have a clear strategy.
According to MortgagesForBusiness.co.uk, recent house price decreases coupled with rising rents have resulted in the sector retaining its appeal - despite well-publicised reports to the contrary.
This year has seen house prices fall at the fastest rate for 16 years - dipping 6.3 per cent on the level seen in May 2007 - whereas rental yields reached a two-year high last month
Nick Blunt, head of business partner development at Mortgages for Business, said: "As house prices decrease, investors with cash in the bank should be looking at the longer term value of the investment in bricks and mortar.
"Landlords currently have a fantastic opportunity to 'grab a bargain' and we advise them to keep their eyes open for the best investment opportunity."
Savills announced this week that prices have increased on flats to rent in London - with predictions that rents could rise another six per cent by the end of the year.
Published 5th July, 2008
© 2008 Estates IT Limited
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Landlords have been told that the buy-to-let market remains an attractive investment, as long as they have a clear strategy.