Property 'still one of the best options for investors'

Posted: 25 Jan 2010 10:28:43 GMT

Potential landlords would be wise to make an investment in property as it is "still one of the best options", according to an expert.

Tom Entwistle, editor at LandlordZONE, says that the thriving residential lettings market proves that the housing sector is a good choice for those wanting to make a future investment.

However, he advises that people proceed with care: "Caution is the key to success, investing selectively in the right areas and in the right properties at the right prices."

Mr Entwistle adds that terraced houses can be an advantageous investment for landlords due to their relatively inexpensive price and low maintenance costs.

Furthermore, this type of property typically attracts young professionals and couples who, according to the editor, cause landlords "the least amount of trouble".

A recent study by Paragon Mortgages revealed that ten per cent of British landlords hope to increase their property portfolio in the first quarter of this year.

Of those who hope to expand their assets, 65 per cent are looking to purchase a terraced house.

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