Landlords told which buy to let property is best

29 September 2009

Written by David Whittaker

Avoid flats and purchase buy to let terraced property - that is the advice landlords have been given by one industry expert.

Mark Garner, owner of the landlord website LettingZone, said that two-up, two-down terraced homes are the "bread and butter" of the property investment market.

Buying property from auctions or from motivated sellers could present landlords with the opportunity to secure a lucrative investment for the long term, he explained.

"If you're a cash-rich landlord and you understand the market, it is a good time to get into the market [if you buy] the right type of property," Mr Garner added.

Various property organisations have advised landlords that property investment in the current market requires long-term strategies - and the LettingZone owner is no different, suggesting that short-term profits are unlikely.

Association of Residential Letting Agents (Arla) research - published earlier this week - indicated that Arla members secured more tenancies in the third quarter of 2009, compared to the previous three-month period.

The study also found that the oversupply in rental property witnessed earlier this year has decreased.

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