Rental investment market 'remains strong'
The market for property investment remains strong even in the face of the effects of the credit crunch, according to a panel of experts.
Discussing the state of the market at the Homebuyer and Property Investor Show, several property professionals considered whether property is still a good investment.
Neil Lewis from portal Property Secrets said that cooling confidence was having a negative impact and advised people to hold off investing for a year or so.
But Ray Boulger from John Charcol mortgage brokers said the market still has something to offer. "If you can look at property in an unsentimental way… and not be tempted to bid up, then I think you can find some good deals this year," he said.
Seamus Nugent, director of property developers dandara, agreed, saying that "the fundamentals of the economy are very, very sound" and that those who can truly afford to invest will continue to do so.
Recent figures from Moneyfacts revealed that buy-to-let investors would need around £5,500 more to buy a property to rent now compared to a year ago.
Published 12th March, 2008
© 2008 Estates IT Limited
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The market for property investment remains strong even in the face of the effects of the credit crunch, according to a panel of experts.