"Ideal" time to enter market - buy to let mortgages

05 March 2009

The present market conditions present an "ideal" time for property investors to make purchases, it has been claimed.

Timothy Lambert, sales and marketing manager at consultancy firm Ducalian, noted that houses and flats can currently be bought for around 20 to 30 per cent below the market value.

And yields remain high, he said, remarking that they are "comfortably breaking the ten per cent barrier", meaning that there may be opportunities for holders of buy to let mortgages to make a return on their investment.

"Now is an ideal time for serious investors to re-enter the market … even without a recovery of capital growth, property still represents good value," Mr Lambert remarked.

But he advised those looking to purchase homes to beware of deals that could be "too good to be true", recommending that they seek professional help to tackle this issue.

Last month, Nationwide stated that house prices had fallen by 17.6 per cent over the course of a year, with the average value in February 2009 standing at £147,746.