25 Jun

Property 'is safe investment'

Property 'is safe investment'

The stabilisation of the economy and housing market has made property a safe investment opportunity, according to a lettings expert.

Director of LandlordZONE.co.uk Tom Entwistle has suggested that while other areas of investment seem to be fairly unpredictable, housing has shown signs of stability, encouraging more people to buy property.

He said: "Low interest rates on savings and volatile performances of investments, pensions and the stock markets means that UK housing looks a relatively safe investment."

Mr Entwistle's comments come after a survey from Paragon Mortgages revealed that 21 per cent of landlords plan to purchase property during the third quarter of 2010, an increase on the 11 per cent who stated they would at the beginning of the year.

The National Landlords Association also announced that landlord optimism was at its highest since 2007 in its most-recent Landlords' Optimism Index.

It also revealed that 57 per cent of landlords rate their overall prospects for their lettings investments to be good or very good over the next three months.

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