People 'should consider' retail property investment

Posted: 12 Aug 2011 11:56:03 GMT

Investing in retail property is a sure-fire winner, it has been claimed.

Investing in retail property is likely to pay dividends in the long-term, it has been claimed.

Chris Horne, editor of Property Hawk, noted landlord confidence is rising at present due to the likelihood of interest rates remaining fairly low over the next couple of years.

The industry figure was speaking in response to recent findings from Paragon that showed 23 per cent of proprietors are feeling more optimistic about the state of and prospects for their property portfolios.

He noted an increasing number of buy-to-let mortgage companies are entering the market, while the inability of first-time buyers to be able to afford deposits is boosting rental demand.

"They are in a growth market, finance costs are likely to stay historically low for a long time and so it is a sure-fire winner, in the short-time anyway," Mr Horne pointed out.

The figures from Paragon also found landlords expect the number of residential properties in their portfolio this time next year to have jumped from 12.6 to 13.1.
 

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