Buy-to-let remains worthy investment

Posted: 12 Mar 2008 10:44:13 GMT


            Property News - Buy-to-let remains worthy investment

A debate on the global credit crunch and buy-to-let property market ended with the majority of experts agreeing that buy-to-let remains a good investment opportunity.

A debate on the global credit crunch and buy-to-let property market ended with the majority of experts agreeing that buy-to-let remains a good investment opportunity.

As part of the Homebuyer and Property Investor Show, a panel of experts took part in a debate about the state of the market.

Most agreed that the buy-to-let market remains buoyant and that investors can make gains by entering the market now.

David Austin from Property for Life said that he remains upbeat about the future prospects of the buy-to-let property market.

"I'm still very positive about the buy-to-let market… It's just a confidence thing, once all the bad news about the credit crunch has gone it will return to normal," he explained.

Seamus Nugent from homebuilder Dandara added to the debate, stating that he believes the "fundamentals of the economy are very, very sound".

Although he also pointed out that investing in property is a "long-term punt, not a short-term gamble".

The Association of Residential Letting Agents has revealed that rents across the UK increased in the three months to February, with prime central London witnessing a nine per cent rise.

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