20 Sep

Landlords told: Invest in traditional properties

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.  ADNFCR-1222-ID-800071746-ADNFCR

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