14 Oct

Property investment is "excellent" in the long-term

Property investment is "excellent" in the long-term

Estate agents are likely to already be aware that the long-term performance of property is "excellent" when compared to other asset classes, as one expert has asserted.

John Heron, managing director at residential property specialist Paragon Mortgages, said that many landlords have recently demonstrated that they are willing to wait for price fluctuations to calm down by refusing to sell off houses.

His comments follow the publication of the firm's latest quarterly poll, which revealed that the average landlord predicts the value of their portfolio will rise by 0.8 per cent over the next 12 months.

"It is an encouraging sign that they expect the value of their portfolios to increase over the coming months. Interestingly, landlords have used weaker prices to add to their portfolios," stated Mr Heron.

This news comes after the Council of Mortgage Lenders recently commented that House purchase activity is looking much more positive than it was at the start of this year.ADNFCR-1222-ID-19409604-ADNFCR

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