Cities offer landlord opportunities

Posted: 13 Sep 2007 10:48:29 GMT

Landlords can see strong returns by investing in a city centre property.

Landlords can see strong returns by investing in a city centre property.

One expert says that because a "huge amount" of people still want to live in major cities, it is possible to buy a place and start seeing returns very quickly.

In addition, cities such as London are almost constantly seeing property prices rise, meaning that a buy-to-let house can be a very worthwhile investment.

"They are a good investment and there is a huge amount of people still looking to live in the city centre," said Frances Jones from City Residential.

"For most people, a city centre apartment isn't to buy as a family home. Potentially they will be buying it to live in for a short time while they experience the city centre lifestyle, being two minutes from the office [and] having a great social life.

"Then they get to the stage where they want to settle down and move to the suburbs, they will possibly use that apartment and rent it out," he added.

Ms Frances went on to say that demand for rental properties in major cities is so high that landlords will be able to "rent them out quite easily".

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