According to a recent survey of landlords by the Property Investor Show, four out of five landlords are looking to acquire more properties next year. Almost all of the people surveyed believed their properties would at least stay at the same value for the coming year, with many seeing their properties as giving better and more stable returns than the stock market. The favourites for landlords are apparently properties abroad and leasing to council tenants. Not surprisingly, student accommodation is a weak area of interest. The Royal Institution of Chartered Surveyors commented on the results, stating that low interest rates and a weakening possibility of a house price crash had increased the number of people interested in buy to let.
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The buy to let market has exploded with interest rates and stock market being so low and property prices rising. If you are a budding landlord you need to fully research the subject before contemplating entering the market and may want to consider appointing an agent to manage the property on your behalf. Although there is a cost for someone else to manage your property and tenants, it can be cost effective if you also have your own career. A managing agent can also help to ensure you are not short of tenants! Most importantly, you must understand the taxation of income and gains on the property and how it affects you personally. Let's face it, people buy and let properties for the commercial gain. If you end up paying out more than you receive, there would seem little point. Learn more about mortgages and property in our site Mortgage Crazy.com. Search the news archive for more on mortgages and property.