20
Sep
Landlords told: Invest in traditional properties
Landlords looking to purchase a buy-to-let house have been told to
opt for more traditional properties.
According to Timothy Lambert, head of consulting at Private Wealth
Management firm Ducalian, investors looking for long-term gains
should go for a more conventional property, as opposed to student
halls, hotels or larger developments.
He suggested that this was likely to offer landlords the most
reliable return for their money.
"With many buyers, particular first-time buyers, sitting the market
out, there is a strong rent market and someone has to be landlord
here," Mr Lambert said.
His comments come after research from MORE TH>N released last
week suggested that people could become reluctant landlords if
there is a double-dip recession as they look to let out their
properties in order to gain a rental income.
It revealed that ten per cent of British homeowners would rent out
their homes and downsize, while 34 per cent said it would be
something they thought about.
Letting out their properties would enable them to hold onto their
assets while gaining an income until the economy recovers.
