Many property investors have been bargain hunting since last October to find a great property at below market value to buy and rent to tenants. So if you are looking to buy to let, is now a good time? What do you need to watch out for and which type of property should you buy?
By Kate Faulkner
Ideally as a buy to let investor you want to buy a property at a discount (normally 10-30%), so you secure the property at the lowest price you can, and let it when rents (in other words, your income) are on the rise.
For the second half of 2009, buy to let investors should be able to buy good properties in popular locations at a much lower price than the last couple of years and despite a fall in rents over the last 12 months, the right rental property is likely to benefit from increased rental income from autumn and certainly into 2010.
However, not all properties are likely to grow in value over the next 10 years as they have done in the past and, with an increased supply of properties planned for the future, not all properties will rent out all year round.
Buy To Let: help, advice and more
Our expert Kate Faulkner can help with area research, property valuations and how to be a successful but to let investor. Email her at enquiries@designsonproperty.co.uk.
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