Landlords 'digging deeper' for investment treasures

Posted: 04 Sep 2008 12:37:48 GMT

Property investors and landlords are being forced to delve ever deeper in their bid to uncover the next property gem in the market, it has been claimed.

According to the organisers of the Property Investment Show - at he Excel in London from September 19th to 21st - changes in the property market mean that it is now much harder to identify the next big thing.

Andy Smith, managing director of 1st Asset and an exhibitor at the show, explained that the two areas resisting price drops in the current market are super-prime, such as London's Chelsea or Kensington, and places receiving infrastructure investment.

"Identifying property hotspots before they are up and coming is difficult. In many cases, by the time the average investor has heard about them, the prices have already risen," he said.

"It is essential, therefore, that investors are constantly on the look out for infrastructure improvements, regeneration projects and planning applications, before they are announced widely."

Meanwhile, the Association of Residential Letting Agents announced this month that the market for private rented accommodation could benefit from broader regulation without prices necessarily rising.

© Houseladder Ltd




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