Bargains to be had, says lettings group boss
News Category: Industry News
Published: 30-Mar-2009
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There are bargains to be had in the buy-to-let property market, according to the operations manager at a UK lettings group.
Ian Potter from the Association of Residential Letting Agents (Arla) said that landlords with "a keen eye" could boost their portfolios despite the general tough economic climate.
His comments follow the publication of Arla's latest research, which suggests that house price reductions have benefited the letting sector.
More letting agents reported buy-to-let investor activity in the first quarter of the year than the last three months of 2008.
"This substantiates our belief that buy-to-let remains a viable long-term investment vehicle," said Mr Potter.
Letting agents have indicated that there is an "oversupply of property", but this does not mean that some areas of the country offer landlords new opportunities, he added.
Property website Gumtree.com recently reported that more people are currently advertising their properties at the portal, compared to three months ago.
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