1 Apr

Long term is sensible property move, says ARLA

Long term is sensible property move, says ARLA

Investing in buy-to-let property with the long term in mind is the best way to go about it, the Association of Residential Lettings Agents (ARLA) has said.

Discussing the recent finding by ARLA that the number of properties being bought by its members is more than that being sold for the first time in two years, operations manager Ian Potter explained that buyers know that rents offer better returns than other investments.

He stated that such buyers will look to invest for five to 15 or five to 20 years in the expectation of prices rising again over time.

"Whilst there's an argument that property prices could still go down, there is an even stronger argument on supply and demand that property prices in the long term will go up," Mr Potter noted.

Recent research indicated that asking prices for property have been rising.

The Rightmove house price index for March found that the average figure requested had risen 0.9 per cent since February to £218,081.

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