Invest in buy-to-let 'while it's cheap'

Posted: 05 Oct 2009 12:19:32 GMT

Would-be landlords and those looking to boost their property portfolios have been advised to invest in the buy-to-let market while prices are still cheap.

Keshav Thukaram, managing director of Smartlandlord.co.uk, said that the recent reports of rising property prices show that the housing market is bottoming out, rather than starting to "shoot back up" quickly.

However, he indicated that there are a number of landlords who will be considering purchasing bricks and mortar at this current time.

"A lot of professional landlords had been waiting for the downturn for a long time," he explained. "They're cash rich and many of them started investment in property in the last downturn."

His comments come after Nationwide Building Society published its latest data on house prices in the UK last week.

The report said that there was a 0.9 per cent month-on-month increase in house prices in September - the fifth month in succession that the typical value of homes in the country has risen.


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