24
Nov
Long term investments can still work, says buy-to-let industry
Despite some negative suggestions about the future of buy-to-let,
investors can still make it work well for them, firms involved in
the sector have said.
Rating agency Standard & Poor has claimed that falling property
prices may leave up to four out of ten investors facing negative
equity.
However, representatives of the industry involved in the Landlord
and Buy-to-Let Show at the NEC in Birmingham earlier this month
said the current situation is much more promising than that.
A consensus emerged that those investors who carry out a lot of
research on their properties and potential tenants will be able to
make a big success of a long-term investment in the present
market.
Many of those who could be affected heavily by lower house prices
are those who bought properties when the market was at its peak,
while those buying now or in the near future could be doing so at
or near the bottom of the market.
