23 Jan

But to let investors urged to stay calm

But to let investors urged to stay calm

Buy to let investors can rest assured their investment in the property market will not be jeopardised, it has been claimed.

This week's slump in shares on the financial markets might lead some to think that the knock on effect will lead to a fall in the housing market, Assetz said.

However, according to the firm's chief executive Stuart Law, the outlook for bricks and mortar is healthier than it appears

He explained: "While rumours of a 20 per cent fall in the commercial property market are rife, current sales are being distorted by distressed property funds, which are forced to sell in the current climate to fund unit redemptions."

However, in order to make good on your investment, you must keep your head and resist the temptation to get out of the market in the short term, he said.

"My message to buy-to-let investors is that there is no need to panic - a fall in interest rates is imminent and with reports of reduced mortgage rates to follow and rising rentals, investors can be confident of strong returns in 2008."

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